06/04/2012
Brenntag acquires Italian specialty distributor in fuel and oil additives
Brenntag further strengthens its distribution of specialty additives for the fuel and oil sector with the signing of an agreement to acquire Petrolube, the exclusive distributor of Infineum specialty fuel and oil additives based in Milan, Italy. For the financial year 2012, the company expects an EBITDA of about EUR 0.8 million.
The acquisition follows Brenntag's successful acquisition of Multisol Group, a specialist in the distribution of lubricant additives and base oils in Europe and Africa in November of last year and further strengthens its strategic relationship with Infineum, the market leading manufacturer of specialty fuel and oil additives
Karsten Beckmann, Chief Operating Officer for Brenntag's European business: ”We are delighted with the successful acquisition of Petrolube and the significant contribution it will bring to our existing lubricants and additives business in Italy.”'
About Brenntag:
Brenntag is the global market leader in full-line chemical distribution. Linking chemical manufacturers and chemical users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to about 160,000 customers. The value-added services include just-in-time delivery, product mixing, formulation, repackaging, inventory management, drum return handling as well as extensive technical support. Headquartered in Mülheim an der Ruhr, Germany, the company operates a global network with more than 400 locations in 68 countries. In 2011 the company realized global sales of EUR 8.7 billion (USD 12.1 billion) with nearly 13,000 employees.
Press contact:
Hubertus Spethmann
Brenntag AG
Corporate Communications
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Telephone: +49 (208) 7828-7701
Fax: +49 (208) 7828-7220
E-Mail: hubertus.spethmann@brenntag.de
Financial media:
Stefanie Steiner
Brenntag AG
Corporate Finance & Investor Relations
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Telephone: +49 (208) 7828-7653
Fax: +49 (208) 7828-7755
E-Mail: stefanie.steiner@brenntag.de
Investor contact:
Thomas Langer, Stefanie Steiner, Diana Alester
Brenntag AG
Corporate Finance & Investor Relations
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Telephone: +49 (208) 7828-7653
Fax: +49 (208) 7828-7755
E-Mail: IR@Brenntag.de
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