Brenntag Acquires Industrial Chemicals Distributor in Switzerland
Brenntag has taken over the operations of Swiss distributor Chem-On AG with retroactive effect to July 1, 2005. From its base in Zurzach, Brenntag now distributes industrial chemicals in Switzerland via the newly founded Chem-On Vertriebs-AG with the focus on inorganic chemicals. This move extends Brenntag's product portfolio in Switzerland - which was previously more or less confined to the specialty chemicals of Christ Chemie AG.
Heinz Eichmann, Managing Director at Christ Chemie AG and responsible for the new activities, explains: "The acquisition of Chem-On strengthens our position in a profitable European market. The extended product portfolio is an important step on the road to becoming a "one-stop shop" and will generate further growth opportunities in the future."
In 2004, Chem-On AG posted sales of around 17 million Swiss francs.
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