Brenntag, a chemicals and ingredients distributor, has announced an agreement to acquire Solventis Group, a glycols and solvents distribution company.
Ewout van Jarwaarde, CEO of Brenntag Essentials, commented, “Solventis Group is a highly compatible fit to our strategy, adding tollgate capabilities and volume optionality via their Antwerp state-of-the-art site to our regional capacities, while opening interregional optimization potential. The acquisition will support our integration with increasingly global supply markets while strengthening our regional market position and customer proximity in EMEA.”
According to Brentagg, the acquisition will improve its sustainability profile with increased sourcing via ships and barges and expand supply and delivery options through rail transport.
Financial details of the deal are not being disclosed. Closing of the transaction is subject to customary conditions including regulatory approvals and is expected in Q2 of 2024.