Brenntag (ISIN DE000A1DAHH0), the global market leader in chemical and
ingredients distribution, today announces the acquisition of ICL Packed Ltd., a
subsidiary of Industrial Chemical Ltd. (ICL). Operating from England the acquired
business is a specialist in the distribution of packaged chemicals for water
treatment.
Steven Terwindt, Member of the Management Board of Brenntag Group and
COO Brenntag Essentials: “We see a very positive outlook for the Water
Treatment business in the UK over the years to come due to population growth
and the increased pressure on environmental quality. Therefore, I am thrilled to
welcome ICL Packed to our business. The acquisition will not only strengthen our
position in water treatment, but also in core market sectors in the region.”
In addition to the acquisition, the transaction includes Brenntag securing a supply
agreement with ICL who is a large manufacturer of Caustic Soda, Hydrochloric
acid, Iron, and Aluminium coagulants as well as Sodium Hypochlorite in the UK.
Anthony Gerace, Managing Director Mergers & Acquisitions at Brenntag Group,
highlights the strategic opportunities of the acquisition: “It is a very important
element of Brenntag’s expansion strategy in the UK to extend our Water
Treatment business. With its broadly diversified customer base and strong
product portfolio, the acquired business perfectly complements our current fullservice approach to this important market in the UK.”
The acquired business is expected to generate sales of approximately GBP 11
million in the financial year 2020. Signing and closing of the transaction were
realized simultaneously.