A leader in chemical distribution business, Brenntag has signed an agreement with Canada Colors and Chemicals to acquire the latter company’s chemical distribution business. Colors and Chemicals chemical distribution business serves a diversified customer base in industries such as Life Sciences, Water Treatment, Coatings, Construction, Energy and Mining and offers a full line portfolio with operations in industrial Canada.
According to Steven Holland, CEO of Brenntag Group:
“With the acquisition of CCC, Brenntag strengthens its focus and specialties capabilities in both Life Science and Material Science. CCC’s broad positioning and extensive product and service portfolio perfectly complement Brenntag’s offer to our customers and suppliers.”
The company has facilities in Canada to store, blend and package industrial and specialty chemicals and products and owns its own truck fleet that extends its service offering. The company also has blending capabilities and formulation expertise in the Oil and Gas business. Its life science offer includes an application lab and several own formulations. Additionally Colors & Chemicals also offers a highly qualifies technical staff.
Markus Klähn, Member of the Management Board of Brenntag Group and CEO Brenntag North America also commented the following:
“This strategic acquisition will solidify our position as partner of choice for our suppliers and customers in Canada and will sustainably support our collective growth ambitions in this industry.”
Guy Carr-Harris, Chairman and CEO of Canada Colors and Chemicals Ltd. also remarked the following about the transaction:
“The sale of our chemicals distribution business to Brenntag is an exciting opportunity for our employees and stakeholders to join forces with one of the world’s leading international chemical distribution companies. The combination of Brenntag’s global reach and our technical capabilities provide a compelling platform for our customers and suppliers.”
About Brenntag AG
Founded in 1874 and headquartered in Germany, Brenntag AG is a chemical distribution company, that purchases and supplies industrial and specialty chemicals in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and other places internationally. Brenntag serves customers in various end-market industries, such as adhesives, paints, oil and gas, food, water treatment, personal care, and pharmaceuticals.
About Canada Colors & Chemicals
Headquartered in Canada, Canada Colors & Chemicals is a distributor of industrial chemicals, coatings, polymer additives, solvents, food ingredients, fine chemicals, and water & environmental treatment products and it provides its products to the solvent, food & fine chemicals, coatings & polymer additives, oil & gas, soap & detergent, mining, pulp & paper, and water treatment markets.