2016-2017 Exhibitions
Brenntag buys polymers supplier Plastichem
German chemicals distributor Brenntag, is purchasing 100% of the shares of the South African specialty chemicals distributor Plastichem Pty Ltd.
Karsten Beckmann, Member of the Management Board of Brenntag Group and CEO Brenntag Europe Middle East and Africa (EMEA) commented that the acquisition enables them to build a chemical distribution platform in key industries in the Middle East and Africa region. “With Plastichem, we are diversifying our current product portfolio in South Africa towards an increased offer of specialty chemicals, ” Beckmann said.
The Kempton Park-based Plastichem’s high performance polymers for plastics and rubber, also enjoys high reputation in the South African automotive market as well as in the packaging, electronics and engineering industries. The company focuses further on entire supply chain solutions and services to customers in South Africa and Sub Saharan Africa.
Plastichem is expected to achieve sales of approximately EUR26.9 million in 2016. Closing of the transaction is expected in the course of the next weeks, subject to contractually agreed closing conditions.
(PRA)
2016-2017 Exhibitions
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