Brenntag announced the completion of its acquisition of specialty chemicals distributor Alphamin S.A., which is headquartered in Wavre, Belgium, and its subsidiary Alphamin Inc., based in New Jersey, U.S.A. Alphamin is focused on specialty polymers and waxes and serves customers in a wide range of industries and across all continents.
“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,” said Karsten Beckmann, a member of the Board of Management of Brenntag Group and CEO of Brenntag Europe, Middle East and Africa (EMEA).
Alphamin’s application center in Belgium is fully equipped with state-of-the-art instrumentation, enabling the company to provide up-to-date research, development and quality control services to its commercial partners.
“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,” said Anthony Gerace, Brenntag group’s managing director of Mergers & Acquisitions.
“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 optimization since then. We are excited to see the successful closing of the acquisition,” explained Floris Vansina of KeBeK Private Equity, a Belgian lower mid-market buy-out fund.
Alphamin’s business generated total sales of approximately EUR 44.6 million (USD 51.03 million) during the financial year 2017-18, which ended on June 30, 2018.
Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in Essen, Germany, the company operates a global network with more than 530 locations in 74 countries.