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Brenntag, the global market leader in chemical distribution, has signed a preliminary agreement to acquire Delanta Group, a specialty chemical distributor in Latin America with presence in Argentina, Uruguay and Chile. Delanta Group is active in the distribution of specialty chemicals, e.g. paints & coatings, ceramics, construction and food chemicals.
William Fidler, Member of the Management Board of Brenntag AG and CEO of Brenntag North America and Brenntag Latin America, says: “This acquisition is a cornerstone for our growth strategy in the Southern Cone. It enables us to strengthen our position in ACES as a core business unit of Brenntag Latin America and it improves our access to the construction industry in the region. Furthermore it significantly increases our market coverage in Argentina as the third largest economy in Latin America.”
For the financial year 2011 the Delanta Group generated total sales of USD 24.3 million. The closing of the transaction is expected in the course of November 2012.