Brenntag acquires Food, Water Treatment and Paper activities of the Spanish chemical distributor Productos Riba, S.A.
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Brenntag has completed the acquisition of the food, water treatment and Paper activities of Productos Riba, S.A., a long established distributor of Specialty ingredients in the Spanish market. Productos Riba is headquartered in Granollers (Barcelona). Sales of the acquired activities amounted to Euro 11 million in 2009. The agreement will be effective from October 1, 2010.
With this acquisition Brenntag strengthens its growth strategy and reinforces its position as leading Food chemical distributor in Spain.
Frédéric Pierre, CEO Brenntag Iberia: “This acquisition will increase our share in the Iberian food ingredients market, by strengthening our relationship with key suppliers and extending our food product portfolio. Riba’s modern facilities and highly experienced sales team will enable us to offer our customers value added services such as tailor-made formula, mixing-blending and special repacking.
Productos Riba’s up to date site for special food processes at Granollers is managed by a highly experienced team of technical experts. Established in 1937 as manufacturer of wheat starch, gluten and derivates, Productos Riba distributes mainly food ingredients, but also chemical products for other industries such as water treatment or pulp & paper.
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