Brenntag, the global market leader in chemical distribution, today has signed an agreement to acquire Leis Polytechnik polymere Werkstoffe GmbH, based in Ramstein-Miesenbach, Germany. The company is specialized in the development, production and distribution of high-performance polymer compounds.
Karsten Beckmann, Member of the Board of Management of Brenntag Group and CEO Brenntag Europe Middle East and Africa: “With the acquisition of Leis, Brenntag expands its portfolio in our engineering and high-performance polymers business. We expand specific know-how in the polymers business to compounding, which is a fast-growing business. By offering in-depth formulation know-how and value added services, we continue to build Brenntag as the product development partner.”
Leis delivers around 700 products for a wide range of applications in highly diverse industries in Germany such as Automotive, Electronics, Medical Technology, Packaging and Building & Construction. “The company is an attractive investment for Brenntag, perfectly supplementing our market footprint and portfolio in the specialty polymers industry in Germany”, says Anthony Gerace, Managing Director Mergers & Acquisitions at Brenntag Group.
The acquired business is expected to generate sales of approximately 11.3 million EUR in the financial year 2016. Gross profit 2016 is expected to amount to around 5.9 million EUR with an expected normalized EBITDA of about 2.3 million EUR. The investment amounts to 15.9 million EUR. The closing of the transactions will occur in the course of the next weeks.