Brenntag has acquired the life sciences and coatings business from a fellow distributor in the Australia and New Zealand region, said the company.
The acquisition from Ravenswood, a specialties distributor with an expertise in blending, is expected to close on 2 December.
“Expanding our operations with the capabilities from Ravenswood in Australia and New Zealand and beyond, especially with the expertise in blending, will be a great addition for our customers in the APAC [Asia-Pacific] region,” said Henri Nejade, COO of Brenntag Specialties.
Ravenswood is headquartered in Bayswater, Australia, and operates two sites in the country, serving a broad range of customers in the region.
Financial details of the transaction were not disclosed, but the acquired business generated sales of around Australian dollar (A$) 65m (USD42m) in its financial year 2022, which ended 30 June.
As per MRC, Brenntag, the global market leader in chemicals and ingredients distribution, has become the exclusive distributor of Nouryon’s specialty polymers in the United State and Canada. As the sole distributor of Nouryon’s proprietary LumaTreat™ polymers, Brenntag can offer a portfolio including the patented LumaTreat™ smart-tagged polymers, Aquatreat™, Versaflex™, and Versa™ polymers which offer scale control and dispersancy.
mrchub.com