12.21.17
Brenntag, the global market leader in chemical distribution, entered into an agreement to acquire Conquimica S.A.. The chemical distribution company is headquartered in Medellin, Colombia, and is mainly active in providing industrial and specialty chemicals to the coatings, food and cleaning industries. Conquimica operates four warehouses in the main economic areas of the country.
“Conquimica is a strategic fit strengthening Brenntag’s footprint in Colombia," said Anthony Gerace, managing director mrgers & acquisitions. "Combining Conquimica’s product portfolio with Brenntag’s existing market reach and expertise will greatly benefit our customers across the Colombian market.”
The business is expected to generate total sales of approximately $48.4 million in the financial year 2017. The agreement is subject to review and approval of local trade commission authorities. Closing of the transaction is expected to occur in the second or third quarter of 2018.
“Conquimica is a strategic fit strengthening Brenntag’s footprint in Colombia," said Anthony Gerace, managing director mrgers & acquisitions. "Combining Conquimica’s product portfolio with Brenntag’s existing market reach and expertise will greatly benefit our customers across the Colombian market.”
The business is expected to generate total sales of approximately $48.4 million in the financial year 2017. The agreement is subject to review and approval of local trade commission authorities. Closing of the transaction is expected to occur in the second or third quarter of 2018.