06/03/2008

Brenntag confirms formal approval for the acquisition of chemical supply activities from Yara

Brenntag, the global leader in chemical distribution, is pleased to confirm the formal approval from the Swedish and German competition authorities for the acquisition of the chemical supply activities of Yara (Oslo) at the sites in Köping (Sweden) and Tertre (Belgium).

 

The acquisition, announced by the two companies on April 25th, 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.

 

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, Yara provides food for a growing world population. Yara’s 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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