Reeder Acquisitions | FORT WORTH, Texas—Brenntag, a chemical distributor, signed an settlement to accumulate the lubricants division of Reeder Distributors Inc., a regional, built-in lubricant distributor in Fort Worth. Moreover Reeder’s lubricants division generates income of about $60 million every year. Brenntag did now not expose details of the deal, however stated that Reeder’s gasoline and tools divisions are now not phase of the acquisition. Additionally the transaction is problem to prerequisites and is predicted to shut in the first quarter of 2019.
Geographically, this expands Brenntag’s lubricants commercial enterprise platform, Markus Klaehn. A member of the administration board of Brenntag Group and CEO Brenntag North America. Stated of the bolt-on acquisition. In a statement, Anthony Gerace, Brenntag Group’s managing director mergers and acquisitions, touted the acquisition as a ideal fit.
“Reeder Distributors’ lubricants division,” he said, “is a herbal addition to our current lubricants commercial enterprise. Due to the fact of its relationships with primary lubricant suppliers. The acquisition will allow Brenntag to increase and support our footprint in the regional market place”. Reeder offerings car clients as nicely as industrial and business clients more often than not at some point of the Dallas-Fort Worth marketplace. Brenntag North America, meanwhile, intends to be an energetic market consolidator in chosen areas in the lubricant distribution market.
Brenntag additionally lately was once named a distributor of Wanhua America Co. Ltd. for fragrant isocyanates, polyether polyols, coatings components and polyurethane dispersions. Brenntag Specialties will distribute the merchandise lines—including Adwel, Antkote, Wantipro, Wannate, Vesmody, Leasys, Tekspro, Urosin, Lacper and Aquolin—to clients in the course of the U.S. However, it will no longer distribute in Arizona, Arkansas, California, Colorado, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah and Washington. Ralph Gatti, director of marketing, fabric sciences for Brenntag Specialties, stated the merchandise are a high-quality addition to Brenntag’s portfolio.