IHS Chemical Week
DISTRIBUTION

Nexeo earnings fall on weak results in chemicals

December 8, 2016 | Vincent Valk

Distributor Nexeo Solutions today reported fiscal fourth quarter net income down 10.3% year-on-year (YOY), to $8.7 million, on sales down 8.4%, to $851.4 million. Profits fell due to lower sales volumes, a result of weak demand from industrial customers...

Gazechim acquires distribution business from Rubis

December 5, 2016 | Ian Young

Logistics and distribution company Rubis (Paris, France) says it has decided to sell its Multigas (Domdidier, Switzerland) subsidiary to Gazechim (Béziers, France). Multigas is a distributor of ammonia, LPG, and special gases. The decision follows a...

SABIC completes divestment of Polymershapes to Blackfriars

December 1, 2016 | Clay Boswell

SABIC has completed the sale of Polymershapes (Huntersville, North Carolina) to investment firm Blackfriar Corp., which says the business, a distributor of plastic sheet, rod, tube, film, and related products, is now operating as a standalone company. The deal, announced in September, was closed on 28 November. Financial terms were not disclosed....

Distributor Safic-Alcan establishes subsidiary in Hungary

November 28, 2016 | Ian Young

Specialty chemical distributor Safic-Alcan (Paris, France) sayd it has formed a new subsidiary, Safic-Alcan Magyarország that will service Hungary's industrial manufacturing sector, effective immediately. The new entity, based near Budapest, will...

Brenntag to relocate headquarters

November 23, 2016 | Ian Young

Brenntag says it will relocate its headquarters to a newly constructed building in the Rüttenscheid district of Essen, Germany, in the second half of 2017. The company's existing headquarters are at Mülheim an der Ruhr, Germany, just over 11...

Barentz acquires Netherlands-based distributor, trader

November 23, 2016 | Ian Young

Specialty chemical distributor Barentz International (Hoofddorp, Netherlands) says it has acquired Globe Ingredients (Zwijndrecht, Netherlands), an international trader and distributor of ingredients and additives for feed, food, and pharmaceuticals...

IMCD reports double-digit increases in sales, profit in first nine months on back of acquisitions

November 16, 2016 | Michael Ravenscroft

IMCD (Rotterdam, Netherlands), a distributor of specialty chemicals and food ingredients, says its gross profit was €286.9 million ($308.5 million) in the first nine months of 2016, up 15% year over year (YOY), or 19% on a constant currency basis. The...

BASF expands dispersions and resins distribution relationship with Azelis Americas' GMZ division

November 10, 2016 | CW staff

BASF recently signed an exclusive distribution agreement with GMZ Inc., a regional distributor of Azelis Americas. GMZ gains access to the dispersions and resins division of BASF under terms of the agreement. “Authorizing GMZ Inc. is an important part...

Tough conditions in the Americas, currency effects weigh on Brenntag's earnings and sales

November 9, 2016 | Ian Young

Brenntag reports a 1.4% decline in net profit for the third quarter, compared with the year-earlier period, to €93.4 million on sales up 0.4%, to €2.62 billion. Gross profit, a key performance indicator for chemical distributors, incresed 4.1%...

Azelis Americas to combine GMZ, EW Kaufmann divisions in CASE market

November 1, 2016 | Jing Chen

Azelis Americas’ coatings, adhesives, sealants and elastomers (CASE) unit said Tuesday it is merging its GMZ and EW Kaufmann divisions into one entity. The combined entity will be called GMZ and will be headed by GMZ president Tom Wells. The integration...

Acme Hardesty announces names president

October 31, 2016 | Jing Chen

Acme Hardesty, a division of Jacob Stern & Sons, has appointed Jeff Kenton as president, effective 1 November. Kenton will report to Jacob Stern CEO Doug Stevens, and will be responsible for leading Acme-Hardesty's senior leadership team. Kenton was most...

Brenntag to acquire Singapore-based distribution business

October 27, 2016 | Deepti Ramesh

Brenntag says that it has signed an agreement to acquire the distribution business of EPChem Group (Singapore). EPChem is a distribution company for performance chemicals, dedicated to waxes and wax related products for various industries and applications...

Azelis completes acquisition of Italy-based distributor

October 18, 2016 | Ian Young

Specialty chemicals distributor Azelis (Antwerp, Belgium) says it has completed the acquisition of specialties distributor Ametech (Milan, Italy). The deal was announced in August. Ametech distributes specialties for agricultural chemical and fertilizer...

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