Brenntag to acquire portion of Kemira's operations in Denmark
Mary Page Bailey
Brenntag AG (Mülheim an der Ruhr, Germany; www.brenntag.com) has signed an agreement to acquire a part of the operational business of Kemira Water Denmark A/S registered in Copenhagen. Brenntag takes over the distribution of caustic soda, sulphuric and hydrochloric acids, solvents and packed coagulants previously directly distributed by Kemira and will operate the business from its existing facilities in Vejle, Kalundborg, Høsten and a new location in Copenhagen Harbour. The acquired business generated total sales of approximately €15 million in 2012 and the parties have agreed not to disclose further financial information. The transaction is expected to close during the first quarter of 2014.