Brenntag completes acquisition of specialty chemical distributor Multisol Group Limited (UK)
Brenntag completed the acquisition of Multisol Group Limited, the holding company of the Multisol Group. With this step Brenntag further expands its product portfolio into lubricant additives and high quality base oils. Multisol is a specialist in the distribution of these specialty chemicals in Europe and Africa working together with some of the world’s largest producers. In addition Multisol expands Brenntag’s mixing and blending capabilities.
Multisol operates in various geographic end markets across Europe and Africa with nearly 170 employees, thus ideally complementing Brenntag’s existing distribution network and enlarging its formulation as well as mixing and blending capabilities which reflects Brenntag’s own strategy of expanding its value added services.
Steven Holland, CEO Brenntag Group: “Multisol offers the potential to leverage Brenntag’s infrastructure and logistics network, in conjunction with Multisol’s in depth technical expertise and product portfolio, to drive sales growth. By combining sales activities in the UK, Western Europe, CEE and Africa and the cross-selling of our existing product portfolio to Multisol’s customer base and vice versa, we aim for continued growth in existing and new markets.”
The key industry for lubricants is the automotive sector. Fuel economy requirements and improved durability are driving the growth of high specification lubricants. Multisol works closely with its customers and suppliers providing strong blending expertise as well as the distribution of both high quality base oils and lubricant additives. As such it is ideally positioned to benefit from these long-lasting industry trends. Multisol’s excellent market position is reflected by internationally renowned suppliers. For the year 2012, Multisol expects sales of GBP 238 million.
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