Brenntag acquires UK-based speciality chemical distributor
Germany's Brenntag has acquired UK-based Multisol Group, which specialises in the distribution of high-value speciality chemicals.
Multisol is a specialist in the distribution of lubricant additives and base oils in Europe and Africa.
The acquisition will allow Brenntag to further expand its product portfolio in these areas, and will also increase the company's capabilities in mixing and blending.
Brenntag CEO Steven Holland said Multisol will further the company's product focus of speciality chemicals, including value-added services in core markets of the UK, Europe and Africa.
The completion of the transaction is subject to certain merger control clearances, which are expected to be obtained during the fourth quarter of 2011.