Sector News

Brenntag to buy two US lubricants distributors

November 5, 2015
Chemical Value Chain

( – Chemical distributor Brenntag AG Thursday announced an expansion of its lubricants business in North America by signing agreements to acquire two leading distributors: J.A.M. Distributing Company, LLC, and related entities, headquartered in Houston, Texas, as well as G.H. Berlin-Windward, headquartered in Manchester, New Hampshire. The investment for both acquisitions totals $440 million.

Both companies offer integrated product and service solutions focused on lubricants servicing to industrial, commercial, automotive, and marine end markets in the Gulf Coast, Texas and the northeast United States, respectively.

Brenntag said both acquisitions are an investment in rebalancing its industry mix in North America and complement the existing business in the less volatile lubricants market. This also represents a review and shift to counteract the structural change in oil & gas earnings in North America.

The combined companies are expected to contribute sales of approximately $780 million in financial year 2016.

Gross profit for 2016 is expected to amount to $127 million with an expected EBITDA of about $50 million. The closing of the transactions will occur in the course of the next weeks.

comments closed

Related News

February 4, 2023

Eastman acquires performance films company Ai-Red Technology

Chemical Value Chain

Eastman Chemical Co. (Kingsport, Tenn.) announced it has acquired Ai-Red Technology (Dalian) Co., Ltd., a manufacturer and supplier of paint protection and window film for auto and architectural markets in the Asia Pacific region.

February 4, 2023

BASF and StePac partner on chemical recycling MAP packs to fight food waste

Chemical Value Chain

BASF and Israeli packager StePac have joined forces to create the “next generation” of fresh produce packaging. BASF will provide StePac with greater flexibility to advance contact-sensitive packaging formats to a higher sustainability standard by supplying StePac with Ultramid Ccycled – a chemically recycled polyamide 6.

February 4, 2023

TotalEnergies and Intraplás partner on food-grade renewable biopolymer production

Chemical Value Chain

TotalEnergies’ biorefinery in La Mède, France, allows direct access to renewable feedstock for its drop-in RE:newable polymer range derived from bio-based products. The company claims these polymers retain virgin-like properties.

How can we help you?

We're easy to reach