Brenntag (WKN A1DAHH), the global market leader in chemical and ingredients distribution, today has acquired Tan International Limited headquartered in Perth, Scotland. The company is a distributor and blender of specialty and industrial chemicals and ingredients with a broad product and service portfolio for a variety of industries including food and beverage, pharmaceutical, agriculture, and energy.
Karsten Beckmann, Member of the Management Board of Brenntag Group and CEO Brenntag Europe, Middle East and Africa: “With the acquisition of Tan International we complement our existing activities and offering in the region and thus strengthen our position in the country. The company’s strong relationships with large key accounts as well as its diverse portfolio support our ambition to expand further in focus industries such as Food & Nutrition, Agriculture and Oil & Gas.”
Anthony Gerace, Managing Director Mergers & Acquisitions at Brenntag Group: “With the acquisition, Brenntag can develop the company’s existing structure, diversified supplier base, blending capabilities and strong technical resources to support our growth in the area and provide its customers with access to the extensive Brenntag product portfolio. The excellent location of the site in Perth will also enable Brenntag to enhance our regional coverage and offer improved service capabilities across the region.”
The acquired business is expected to generate sales of approximately GBP 21 million in the financial year 2019.