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Brenntag Completes Acquisition of Specialties Distributor in Australia and New Zealand

4:15 AM MDT | July 20, 2012 | Deepti Ramesh

Brenntag says it has on July 16, completed the previously announced acquisition of ISM/Salkat Group (Highett, Australia), a leading distributor of specialty chemicals in Australia and New Zealand. Financial details of the deal, which was first announced earlier this month, were not disclosed. ISM/Salkat expects to record sales of A$117 million ($121 million) in 2012. The acquisition significantly expands Brenntag’s market position in Australia and New Zealand and enlarges the existing specialty product portfolio in the region, Brenntag says. “By...

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