Brenntag acquires specialty chemicals distributor Alphamin
Brenntag announces it has completed the acquisition of all shares of specialty chemicals distributor Alphamin S.A., headquartered in Wavre, Belgium, and its subsidiary Alphamin Inc., based in New Jersey, USA.
The company is focused on Specialty Polymers and Waxes, and serves customers in a wide range of industries and across all continents. Karsten Beckmann, Member of the Board of Management of Brenntag Group and CEO Brenntag Europe, Middle East and Africa (EMEA): “With its global reach, its product portfolio and expertise, Alphamin is an attractive bolt-on acquisition for Brenntag’s existing specialty chemicals business, strengthening and expanding our existing offer to customers in the Material Science segment.”
Research, development and quality control services
Its owned and operated application center in Belgium is fully equipped with state of the art instrumentation and enables Alphamin to provide up-to-date research, development and quality control services to its commercial partners. Anthony Gerace, Brenntag Group’s Managing Director Mergers & Acquisitions: “Alphamin is a perfect opportunity to improve Brenntag’s technical resources, expand our presence in attractive niche markets, increase our business opportunities in promising Material Science segments, and support our global or pan-regional strategy for certain product groups such as Waxes.”
Successful closing of acquisition
Floris Vansina from KeBeK Private Equity, a Belgian lower midmarket buy-out fund: “We acquired a majority stake in Alphamin S.A. in January 2014 and have successfully implemented, together with Alphamin’s management team, a product portfolio optimisation since then. We are excited to see the successful closing of the acquisition.” The business generated total sales of approximately 44.6 million EUR in the financial year 2017/18, ended on June 30, 2018.
