Brenntag buys Swedish chemical distributor Fred Holmberg

German chemical distribution company Brenntag has signed an agreement to acquire the Swedish chemical distributor Fred Holmberg & Co AB, which focusses on the distribution of organic and inorganic chemicals in Scandinavia and provides efficient mixing and blending activities. The main site is located in Kalmar in the south-east of Sweden, with modern filling lines for packaging goods and directly connected to the harbour.
 
Karsten Beckmann, CEO, Brenntag Europe, Middle East and Africa, said, “With this acquisition we bring together two strong companies. Thereby Brenntag will further strengthen and expand its industrial chemicals product portfolio in the region. The transaction fits our industrial chemicals strategy and will broaden the portfolio of products to our customers in addition to our existing ‎speciality range of products and services.”
 
Fred Holmberg, owner and founder of Fred Holmberg & Co AB, said, “It is very exciting that we have come to terms with Brenntag. We are combining Fred Holmberg & Co AB’s cost-effective logistic set-up and Brenntag Nordic’s market penetration capabilities which enables us to further improve and develop our attractiveness to customers as well as to suppliers and producers in the region.”
 
The acquired business is expected to generate total sales of approximately Euro 75.3 million in 2014. The transaction is expected to be closed during the first quarter of 2015.