“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.