Brenntag expands market coverage in Spain
Brenntag acquired Quimicas Meroño, S.L., a distributor of industrial chemicals based close to Cartagena, Spain. The company is holding a strong coverage in the Murcia region, which is a solid part of the main Mediterranean industrial axis, focusing on logistics, blends and storage services to its industrial customers. The transaction is effective May 13, 2015.
Karsten Beckmann, CEO Brenntag Europe, Middle East and Africa: “The acquisition perfectly complements Brenntag’s regional distribution network in Eastern Spain. With Quimicas Meroño we gain access to various key European accounts and additional growth opportunities, especially in key industry sectors such as Food and Oil & Gas. In addition, we profit from the company’s strong capabilities in value added services and blends. The transaction therefore strengthens Brenntag’s position as a leading service provider offering an outstanding product portfolio to our customers and suppliers in the important Spanish market.”
In the financial year 2014, the acquired business has generated total sales of EUR 12.7 million.
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