Brenntag to acquire Pioma Chemicals distribution business

Published: 25-Sep-2014

Further strengthening its business in India


Brenntag, a German chemicals distributor, is to acquire the specialities chemicals distribution business of Pioma Chemicals, a distributor of excipients and functional ingredients to the pharmaceutical, personal care and food industries across India.

The acquired business will become part of Brenntag India, headquartered in Mumbai.

No financial details have been disclosed.

With this acquisition Brenntag is further strengthening its growing business in India.

Henri Néjade, President and CEO of Brenntag Asia Pacific, said: 'This acquisition enables us to expand our position in the Indian specialities distribution market even further, following our successful acquisition of the Zytex distribution business last year.

'India is one of the largest distribution markets in Asia and the expansion of our business proves once more our commitment to this region and to our business partners operating in this region. This new business will broaden our product portfolio and therefore facilitates an acceleration in the growth of Brenntag in India.'

The acquired business is expected to generate sales of approximately €17.2m in the financial year 2014. The deal is expected to close this month.

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