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Brenntag acquires specialty chemicals distribution business in India

4:02 AM MDT | September 2, 2014 | Deepti Ramesh

Brenntag says it has signed an agreement to acquire the specialties chemicals distribution business of Pioma Chemicals (Mumbai), a leading distributor of specialty excipients and functional ingredients to the pharmaceutical, personal-care, and food industries across India. The deal's financial details have not been disclosed. The acquired business is expected to generate sales of about €17.2 million ($22.5 million) in 2014. Closing of the transaction is expected later this month. The transaction will be structured as an asset deal, and the acquired business...

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