Brenntag News-Room
Brenntag AG joins MDAX
Brenntag AG, global market leader in chemical distribution, will join the MDAX index of Deutsche Börse, effective 21 June 2010. This was announced by Deutsche Börse AG last Friday.
The entry was facilitated by the Fast-Entry-Rule which allows for a change in indices ahead of schedule. The MDAX index includes the 50 largest stock-listed companies that follow the DAX index by market capitalization and stock market turnover in Germany.
The inclusion in MDAX within less than three month after the initial stock listing marks the next successfully taken milestone for Brenntag at the stock exchange. Jürgen Buchsteiner, CFO of Brenntag AG: “The step to the MDAX was our defined objective. It will gain further visibility for our share in the capital market. We are very happy that the advancement to the MDAX happened that quickly and regard it as a proof for our growth strategy.”
About Brenntag
Brenntag is the global market leader in full-line chemical distribution (based on most recent market data). 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 vast supplier base, Brenntag offers one-stop shop solutions to more than 150,000 customers. The value-added services include just-in-time delivery, product mixing, formulation, repackaging, inventory management, drum return handling as well as technical services.
Headquartered in Mülheim an der Ruhr, Germany, Brenntag operates a global network with more than 400 locations in more than 60 countries. In 2009 the company realized global sales of EUR 6.4 billion (USD 8.9 billion) with approximately 11,000 people.