People & Business :: M&A
Brenntag JV Acquires Assets in South Africa
12:03 PM MDT | October 26, 2011 | Ian Young
Crest Chemicals (Midrand, South Africa), a chemical distribution joint venture between Brenntag and AECI (Johannesburg), has acquired certain assets of WK Croxton (Pietermaritzburg, South Africa), an importer of caustic soda into South Africa. Crest Chemicals has also acquired a 64% stake in Protank, which operates bulk liquid storage facilities in the port of Durban, South Africa. The combined value of the deals is about €12 million. Croxton imports magnesium oxide, sodium chlorate, and sodium hypochlorite, as well as caustic soda, via Durban. The company...
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