04-Aug-2021 - Brenntag GmbH

Brenntag acquires North American acetone specialist Matrix Chemical

Brenntag acquires all operating assets and business of Matrix Chemical, LLC (“Matrix”). The company is a solvents distributor and the largest distributor of acetone in North America with sales of around USD 200 million year to date in 2021.

Steven Terwindt, Member of the Management Board of Brenntag SE and COO Brenntag Essentials, comments: “With the acquisition of Matrix we create a highly reliable and competitive logistics network for acetone and solvents in North America that allows us to take advantage of market opportunities and to deliver a variety of core products to our customers more efficiently, economically and in a more sustainable manner. Overall, we expect significant operating synergies by leveraging Matrix’s supplier relationships, logistics network and bulk storage capacity in combination with Brenntag’s existing North American infrastructure and outbound logistics.”

The company distributes acetone and other solvents to customers throughout the United States and Canada. These products are used in various industries such as personal care, adhesives, and the paint and coatings industry. Matrix operates storage tanks at bulk terminals in Houston (Texas), Chicago (Illinois), Vanport (Pennsylvania), and Wilmington (North Carolina).

Closing and signing of the acquisition occurred simultaneously.

Facts, background information, dossiers
More about Brenntag
  • News

    Brenntag achieved excellent results in an exceptional market environment in the second quarter 2021

    Christian Kohlpaintner, Chief Executive Officer of Brenntag SE, said: “We achieved excellent results in the second quarter and are highly satisfied with the performance of our two global divisions Brenntag Essentials and Brenntag Specialties. Brenntag Specialties performed particularly well ... more

    Brenntag strengthens its Specialties business in Asia Pacific by closing two acquisitions

    Brenntag made further important steps in strengthening its business in China with the closing of two acquisitions within its Specialties division. On July 23, the acquisition of the first tranche (67%) of food ingredients specialist Zhongbai Xingye has been closed. The closing of the second ... more

    Brenntag achieves very strong results in first quarter 2021

    Brenntag reports very strong results in the first quarter 2021 by prudently navigating through fast changing market conditions. The two global divisions Brenntag Essentials and Brenntag Specialties, had a successful start and both contributed strong results. Christian Kohlpaintner, Chief Ex ... more

  • Companies

    Brenntag Nederland B.V.

    We are committed to excellence in every aspect of our business to remain on top. To that end, we conduct all matters with the utmost degree of integrity and responsibility. We would not be the world’s leading chemical distributor if we did not make a meaningful impact to our business partne ... more

    Brenntag S.p.A.

    The Brenntag Group is the leading chemical distributor in Italy. In 2005 Brenntag Italy generated 355 million euro of turnover. Our scope is to offer a high-quality service on the basis of a strong network of sites covering the whole country. We are committed to applying a high level of ... more

    Brenntag Química, S.A.

    We are committed to excellence in every aspect of our business to remain on top. To that end, we conduct all matters with the utmost degree of integrity and responsibility. We would not be the world’s leading chemical distributor if we did not make a meaningful impact to our business partne ... more