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Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Brenntag acquires enzymes distributor in India
7:01 AM MDT | October 11, 2013 | —Deepti Ramesh
Brenntag has signed an agreement to acquire the chemical distribution division of the Zytex Group, a biotechnology food formulation and manufacturing company in India, for €10.2 million ($13.8 million). The acquired business focuses on enzymes and yeast for the food and beverage industries in India, Brenntag says. The acquired distribution business will become part of Brenntag India (Mumbai). Brenntag expects the acquired business to generate sales of €7 million, gross profit of €1.8 million, and Ebitda of €1.4 million in 2013. “India is...
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