Chemical distributor Brenntag signed a purchase agreement to acquire the entire business of the ISM/Salkat Group, a distributor of specialty chemicals in Australia and New Zealand.
"The acquisition of the ISM/Salkat Group represents a huge step to achieve our strategic position as a full-line chemical distributor with an established and competitive platform in Asia-Pacific," said Steve Holland, CEO Brenntag Group. "ISM has a strong track record of success and an innovative product portfolio. The acquisition represents a quantum leap for the network and know-how for Brenntag in Australia and New Zealand."
The acquisition significantly expands Brenntag's local supplier base and adds another 1,200 customers to its existing customer base.
ISM/Salkat Group is a specialty chemical distributor with a broad range of products servicing diverse industry segments in partnership with some of the world's largest manufacturers of chemical products.
Brenntag will start integrating its existing organization with the ISM/Salkat Group shortly after closing. The ISM/Salkat Group expects sales of AUD 117 million for the year 2012. The closing of the transaction is expected in the course of July 2012.
Brenntag expands market position in Australia and New Zealand
Published July 4, 2012
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