Chemical and ingredients distributor Brenntag acquires ICL Packed Ltd., a subsidiary of Industrial Chemical Ltd. (ICL). Operating from England, ICL Packed Ltd specializes in the distribution of packaged chemicals for water treatment.
Steven Terwindt, member of the management board of Brenntag Group and COO Brenntag Essentials, says, “We see a very positive outlook for the water treatment business in the U.K. over the years to come due to population growth and the increased pressure on environmental quality.”
Brenntag also secures a supply agreement with ICL, which is a large manufacturer of caustic soda, hydrochloric acid, iron and aluminum coagulants as well as sodium hypochlorite in the U.K.
The acquired business is expected to generate sales of approximately GBP 11 million in the financial year 2020, according to Brenntag. Signing and closing of the transaction were completed simultaneously.
For more information, visit: www.brenntag.de