Brenntag, a German chemical distribution company, has agreed to acquire SurtiQuimicos SA, a distributor of specialty chemicals headquartered in Bogota, Colombia. SurtiQuimicos, which operates with facilities in Bogota and Medellin, focuses mainly on the distribution of specialty chemical products and formulations for the paint, food, textile and construction industries.
German Torres, COO, Brenntag Latin America, commented, “The acquisition is in line with our strategy to increase the specialty chemicals market penetration in Latin America. With SurtiQuimicos, we will acquire a well-established business platform for the further development of our current portfolio in Colombia. Brenntag thereby expands its supplier relations and strengthens its position as an important player in the paint and food ingredients markets notably.”
With the acquisition, Brenntag will add capabilities with SurtiQuimicos’ state-of-the-art labs and the expertise of its technicians for various industry applications.
For the financial year 2014, the acquired business is expected to generate sales of $ 16.1 million.
German Torres, COO, Brenntag Latin America, commented, “The acquisition is in line with our strategy to increase the specialty chemicals market penetration in Latin America. With SurtiQuimicos, we will acquire a well-established business platform for the further development of our current portfolio in Colombia. Brenntag thereby expands its supplier relations and strengthens its position as an important player in the paint and food ingredients markets notably.”
With the acquisition, Brenntag will add capabilities with SurtiQuimicos’ state-of-the-art labs and the expertise of its technicians for various industry applications.
For the financial year 2014, the acquired business is expected to generate sales of $ 16.1 million.