Brenntag, the global market leader in chemical distribution, has acquired Philchem, Inc., based in Houston, Texas. Philchem is specialized in managing individual supply and demand imbalances in selected product groups utilizing long term relationships with key suppliers and an excellent logistics expertise.

Markus Klähn, CEO Brenntag North America: “We expect global supply chain flows to shift as a result of the shale gas developments in North America. Brenntag’s customers and suppliers will increasingly benefit from Philchem’s capability to manage individual supply and demand situations. With the help of Philchem, Brenntag will be even better equipped to predictably move products and to ensure reliable supply. The business model of Philchem complements the strategic profile of the Brenntag Global Marketing team and its expertise in products with global flow.”

Philip Exnicious, President of Philchem says: “I am looking forward to partnering with Brenntag to develop strategic business bringing additional benefits to customers and suppliers.”

For the financial year 2013, Philchem generated total sales of approximately USD 162 m. The company recorded a Gross Profit of USD 7.7 m and an adjusted EBITDA of 6.1 m. The investment amount is USD 42 m.

About Brenntag:
Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in Mülheim an der Ruhr, Germany, the company operates a global network with more than 480 locations in more than 70 countries. In 2013, the company, which has a global workforce of more than 13,000, generated sales of EUR 9.8 billion (USD 13.0 billion). Brenntag is connecting chemistry globally and locally. The company supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to around 170,000 customers. This includes specific application technology, an extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling. Long-standing experience and local excellence in the individual countries characterize the global market leader for chemical distribution.