Sector News

Brenntag acquires polymers distributor Plastichem Group

December 14, 2015
Energy & Chemical Value Chain

Brenntag, the global market leader in chemical distribution, has signed an agreement to purchase 100% of the shares of the specialty chemicals distributor Plastichem Pty Ltd., South Africa. This acquisition provides Brenntag a key position in the polymers industries in and beyond South Africa.

Karsten Beckmann, Member of the Management Board of Brenntag Group and CEO Brenntag Europe Middle East and Africa (EMEA):“This acquisition is an excellent opportunity for us and is completely in line with Brenntag’s strategy 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.”

Plastichem, based in Kempton Park, South Africa, is a specialty distributor of high performance polymers for plastics and rubber, enjoying a 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.

Carl Blomme, Regional President Brenntag Europe West & MEA: “With the acquisition we build up market expertise in the continuously growing plastics and rubber industries in the region. This will help us to further expand our business in South Africa with our existing suppliers as well as cover the Sub-Sahara region.”

Plastichem is expected to achieve sales of approximately 26.9 million EUR in the financial year 2016. Closing of the transaction is expected in the course of the next weeks, subject to contractually agreed closing conditions.

Source: Brenntag

comments closed

Related News

February 25, 2024

Antwerp Declaration for a European Industrial Deal: industry leaders call for 10 urgent actions to restore competitiveness and keep good jobs in Europe

Energy & Chemical Value Chain

During a European Industry Summit held on the site of BASF in Antwerp, leaders from basic industry sectors, representing 7.8 million workers in Europe, joined forces with European trade unions and European leaders to address pressing concerns regarding Europe’s industrial landscape.

February 25, 2024

Blue hydrogen could contribute 50% more to global warming than fossil fuels

Energy & Chemical Value Chain

The use of blue or low-carbon hydrogen, made from natural gas with carbon capture and storage (CCS), could increase near-term global warming by 50% compared with burning fossil fuels directly for energy if emissions are not properly managed, according to a new study by NGO the US Environmental Defense Fund (EDF) and the University of Arizona.

February 25, 2024

EU approves €6.9 Billion state aid for 33 hydrogen projects

Energy & Chemical Value Chain

In a move to improve the supply of renewable hydrogen and thus reduce dependence on natural gas and contribute to achieving the objectives of the European Green Deal and the REPowerEU plan, the EU Commission has approved a third Important project of common European interest (IPCEI) to support hydrogen infrastructure.

How can we help you?

We're easy to reach