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Brenntag acquires Philchem

2:12 PM MDT | June 3, 2014 | Deepti Ramesh

Brenntag says that it has acquired Philchem (Houston), an expert in supply chain solutions. Philchem specializes in managing individual supply and demand imbalances in selected product groups using long-term relationships with key suppliers and logistics expertise, Brenntag says. Financial details of the acquisition have not been disclosed. Philchem generated sales of about $162 million in 2013. “We expect global supply chain flows to shift as a result of the shale gas developments in North America,” says Markus Klähn, CEO/North America at...

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