Brenntag buys chemical supply activities from Yara
Brenntag announced that an agreement was concluded with Yara International ASA, Oslo to acquire the chemical supply activities at the sites in Köping (Sweden) and Tertre (Belgium) as part of the commitments agreed with the European Union for approval of Yara's acquisition of Kemira GrowHow Oyj.
The acquisition includes ammonia nitrate solution, aqueous ammonia and weak nitric acid supply activities conducted from the Köping production site in Sweden and the ammonia nitrate solution, aqueous ammonia, weak nitric acid and concentrated nitric acid supply activities conducted from the Kemira GrowHow production site at Tertre, Belgium. In each case, related production and distribution assets form part of the purchase package. The European Commission has approved Brenntag as purchaser; closing is conditional on regulatory approvals and is expected during Q2 2008.
"With the acquired business Brenntag Nordic will strengthen its leading position and become even more competitive in serving their customers", says Michael Pieters, Managing Director Brenntag Nordic.
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