Brenntag Group has entered into a purchase agreement to buy entire business of a specialty chemical distributor, ISM/Salkat Group.
The acquisition will enable Brenntag to expand its existing specialty product portfolio in the region for industries like pharmaceuticals, personal care, food & beverage as well as coatings.
Brenntag Group CEO Steve Holland said the acquisition of the ISM/Salkat Group will expand the company's market position as a full-line chemical distributor with an established and competitive platform in Asia-Pacific.
"The acquisition represents a quantum leap for the network and know-how for Brenntag in Australia and New Zealand," Holland added.
"Brenntag's business partners will benefit from our increased capabilities to provide world-class products and services."
Brenntag Group M&A activities board management Jurgen Buchsteiner said through the acquisition the company can provide its business partners access also to the New Zealand market via its own local distribution and marketing network.
"The acquisition significantly expands Brenntag's local supplier base and adds another 1,200 customers to our existing customer base," Buchsteiner added.
