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Brenntag acquires chemical distribution business in India

5:43 AM MDT | September 17, 2013 | Deepti Ramesh

Brenntag says it has signed an agreement to acquire the chemical distribution division of the Zytex Group, a biotechnology food formulation and manufacturing company in India, by means of an asset deal. The acquisition price is €10.2 million ($13.6 million), and the transaction is expected to close this month. The acquired business has its focus on enzymes and yeast for a broad application range in the food and beverage industries in India, Brenntag says. The acquired distribution business will become part of Brenntag India (Mumbai). Brenntag expects the...

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