Brenntag adds to its strong market position in North America
Acquisition of certain assets of US chemical distributor Houghton Chemical Corporation
Brenntag continues its growth path and has agreed with Houghton Chemical Corporation (HCC) to acquire certain assets of the industrial chemicals & Solvents division of HCC for a total purchase price of USD 7.1 million. The acquisition enables Brenntag to increase its market share primarily in the New England states and to improve its position in focused industries like Pharmaceuticals, Personal Care and ACES (adhesives, coatings, elastomers, Sealants).
The acquired business of HCC is focused on the distribution of industrial chemicals. The unit distributes products in focused industries such as Pharmaceuticals, Personal Care and ACES. The high quality business provides an important contribution to Brenntag North America’s geographic and strategic position in New England, New Jersey and parts of Pennsylvania. For 2010 the acquired division is expected to generate total sales of more than USD 30 million.
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