04/25/2008

Brenntag buys chemical supply activities from Yara

Brenntag, the global leader in chemical distribution, announces that an agreement was concluded with Yara International ASA, Oslo to acquire the chemical supply activities at the sites in Köping (Sweden) and Tertre (Belgium) as part of the commitments agreed with the European Union for approval of Yara’s acquisition of Kemira GrowHow Oyj.

 

The acquisition includes ammonia nitrate solution, aqueous ammonia and weak nitric acid supply activities conducted from the Köping production site in Sweden and the ammonia nitrate solution, aqueous ammonia, weak nitric acid and concentrated nitric acid supply activities conducted from the Kemira GrowHow production site at Tertre, Belgium. In each case, related production and distribution assets form part of the purchase package. The European Commission has approved Brenntag as purchaser; closing is conditional on regulatory approvals and is expected during Q2 2008.

 

“With the acquired business Brenntag Nordic will strengthen its leading position and become even more competitive in serving their customers”, says Michael Pieters, Managing Director Brenntag Nordic.

 

Steve Holland, Chief Executive Brenntag Europe: “We are proud of the acquisition of the activities in Sweden and Belgium to our international network and we look forward to strengthen and to grow the businesses of our customers with the unique service Brenntag provides. Brenntag is Yara’s existing distribution partner for AdBlue, the special ultra pure urea solution that is used as reducing agent in the Selective Catalytic Reduction technology”.

 

Brenntag recorded 2007 external sales of EUR 6.7 billion (US$ 9.1 billion). Brenntag operates in excess of 300 locations with more than 11,000 people in 55 countries. In keeping with the company’s strong position in world markets, Brenntag is committed to providing value to its customers and suppliers through superior supply chain logistics, single sourcing, technical assistance and other value added services. Brenntag offers an unrivalled, extensive and state-of-the-art distribution network for industrial and specialty chemicals to its suppliers and customers alike throughout the world.

 

Yara International ASA is a leading chemical company that converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers and agronomic solutions, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that safeguard air and water purity and preserve food quality. Yara’s global workforce of more than 8,000 employees represents great diversity and talent enabling Yara to remain a leading performer in its industry.

 

 

 

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