Brenntag, the global market leader in chemical distribution, has signed an agreement to acquire Quimitécnica.com – Comércio e Indústria Química S.A., Portugal (“Quimitécnica”). As a service provider, Quimitécnica has a strong focus on offering a wide range of chemical products, blends, logistics and storage services to various industrial business segments in Portugal, the North of Spain and several African countries.
Karsten Beckmann, Member of the Board of Management of Brenntag Group and CEO Brenntag Europe, Middle East and Africa (EMEA): “The acquisition of Quimitécnica is an excellent strategic fit to Brenntag’s existing distribution activities in Iberia as we gain access to key customer industries in Portugal and in the area of North of Spain. We thus expand our value-added service offerings to our regional customers and suppliers.”
Quimitécnica has a strong position in the markets for industrial chemicals, water treatment, pulp and paper and specialty chemicals.
Anthony Gerace, Brenntag Group’s Managing Director Mergers & Acquisitions: “With a wide product range targeting various industry segments and six strategically located sites offering customized logistics services and inventory management, Quimitécnica serves as an excellent platform to expand and diversify our distribution activities in Portugal and Spain.”
The acquired business generated sales of 37.0 million EUR in the financial year 2016. Gross profit 2016 amounted to 12.8 million EUR with a normalized EBITDA of 5 million EUR. The investment amounts to 33.9 million EUR. Closing of the transaction is subject to certain contractual closing conditions and regulatory approvals and is expected to occur in the course of the next weeks.