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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Brenntag Acquires Distributor in Australia and New Zealand

8:12 AM MDT | July 20, 2012 | —Deepti Ramesh

Brenntag has agreed to acquire ISM/Salkat Group (Highett, Australia), a leading distributor of specialty chemicals in Australia and New Zealand. Financial details of the deal were not disclosed. ISM/Salkat expects to record sales of $A117 million ($120 million) in 2012. The transaction is expected to close this month. The acquisition significantly expands Brenntag’s market position in Australia and New Zealand, and strengthens its platform for long-term growth in the region, the company says. Brenntag CEO Steven Holland told CW earlier this year that the...

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