Sector News

Brenntag to acquire specialty chemicals distributor in South Africa

February 25, 2015
Chemical Value Chain
Brenntag says that it has agreed to acquire Lionheart Chemical Enterprises (Johannesburg), a specialty chemicals distributor in the South African market operating mainly in the food and beverage sector. Financial details of the deal were not disclosed. The acquired business is expected to have generated total sales of about €12.0 million ($13.5 million) in 2014, Brenntag says. The closing of the transaction is expected in the course of the next weeks. “The acquisition strengthens Brenntag’s position in the South African chemical distribution…
 
> Read the full article on the Chemical Week website
 
By Deepti Ramesh
 

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