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06-02-2006: Brenntag is acquiring all the shares in Schweizerhall Chemie AG, a subsidiary of Schweizerhall Holding AG. According to the company, the takeover of Schweizerhall Chemie AG will strengthen Brenntag's presence in one of the key markets and enable the company to further expand its logistics network in Europe. In 2005, Basel-based Schweizerhall Chemie AG recorded sales of CHF 219 million through the efforts of its 208 employees. The takeover transaction is subject to approval by the antitrust authorities and is expected to be completed in the second quarter of 2006.
Brenntag will initially operate Schweizerhall Chemie AG under the established " Schweizerhall " brand name and under the responsibility of the existing management team. The locations in Basel, Avenches and Lohn/Bätterkinden will also be retained. The Flawil facility was sold to a local company prior to the signing of the takeover agreement.
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