Brenntag has agreed to acquire SurtiQuímicos S.A., a distributor of specialty chemicals headquartered in Bogotá, Colombia. The company operates with facilities in Bogotá and Medellín. Main business focus is the distribution of specialty chemical products and formulations into the paint, food, textile and construction industries.
German Torres, COO Brenntag Latin America: “The acquisition is in line with our strategy to increase the specialty chemicals market penetration in Latin America. With SurtiQuímicos we will acquire a well-established business platform for the further development of our current portfolio in Colombia. Brenntag thereby expands its supplier relations and strengthens its position as an important player in the paint and food ingredients markets notably.”
With the acquisition Brenntag will add capabilities with SurtiQuímicos’ state-of-the-art labs and the expertise of its technicians for various industry applications.
For the financial year 2014 the acquired business is expected to generate sales of USD 16.1 million. The closing of the transaction is expected to occur in the course of the next weeks.