Brenntag Acquiring Solvent Distribution Company

MONDAY, JANUARY 8, 2024


Chemical and ingredients distributor Brenntag recently announced that it has entered an agreement to acquire glycols and solvents distribution company Solventis Group in Antwerp, Belgium and the United Kingdom.

According to a release from Brenntag, the new acquisition is expected to strengthen the company’s global network and supply chain services for glycols and solvents through regional infrastructure, sourcing and marketing.

The company adds that the new agreement will also aid its Brenntag Essentials’ sustainability profile with improved sourcing through ships and barges, as well as larger supply and delivery options through rail transport.

Additionally, Solventis’ knowledge of glycol recovery and recycling is expected to improve Brenntag’s sustainability profile.

“Brenntag Essentials combines a cost-efficient network of last mile service operations with regional sourcing and supply chain services, and global sourcing,” said Ewout van Jarwaarde, Chief Executive Officer Brenntag Essentials.

“Solventis Group is a highly compatible fit to our strategy, adding tollgate capabilities and volume optionality via their Antwerp state-of-the-art site to our regional capacities, while opening interregional optimization potential. The acquisition will support our integration with increasingly global supply markets while strengthening our regional market position and customer proximity in EMEA.”

Solventis was reportedly created in 2002 in the U.K., made up of multiple entities, including Solventis, Kilfrost Europe, Antwerp Distillation Company, Solventis Solutions and Solvenox. In 2022, the group reported annual sales of over €300 million ($327.5 million).

Solventis Group reportedly provides solutions to a global customer base. Alongside a site in Scunthorpe, U.K., the company reportedly operates a facility in the port of Antwerp, a European chemicals hub which works with advanced blending, storage, packing, distribution and chemical recycling.

“Our global network of suppliers and customers stands to gain significant advantages from Brenntag’s extensive global reach and diverse product and service portfolio,” said David Lubbock, Owner and Chief Executive Officer of the Solventis Group.

“We eagerly look forward to becoming part of the expanding Brenntag Essentials platform, offering our extensive product range encompassing glycols, solvents, and automotive products, including coolants, antifreeze, brake fluids and de-icing fluids, to a broader customer base worldwide.”

According to the release, financial details of the deal are not currently available. Closing of the transaction is subject to conditions like regulatory approvals and is expected in the second quarter of 2024.

   

Tagged categories: Acquisitions; Asia Pacific; Brenntag Specialties; Business management; Business matters; Business operations; Coating Materials; Coatings; Coatings Technology; Coatings technology; EMEA (Europe, Middle East and Africa); Latin America; Program/Project Management; Ships and vessels; Solvent and chemical cleaning; Solvents; Sustainability; Technology; Z-Continents

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