03/16/2006
Brenntag acquires US distributor LA Chemical, Inc. (CA)
Effective March 10, 2006, Brenntag, global leader in the growing market for chemical distribution, has purchased 100% of the shares of Los Angeles Chemical Group of Companies, Southgate, California (“LA Chemical”). With annual sales of US$ 165 million in 2005, LA Chemical ranks as the 15th largest distributor in the United States.
Stephen R. Clark, Member of the Executive Board of the Brenntag Group and CEO Brenntag North America explained: “Along with last falls acquisition of Quadra Chemicals, Inc. (USA only), LA Chemical substantially transforms our capabilities in the western United States and provides us with a leading position in that region.”
David Miller, owner of LA Chemical adds that “when I began evaluating the company’s strategic options in a consolidating industry, it became clear that Brenntag easily offered the greatest opportunity for both the future of our business and the overwhelming majority of our employees.”
Brenntag recorded sales of US$ 6.6 billion in 2005 through the efforts of the company's 9,200 employees at around 300 locations around the globe. Brenntag is committed to provide value to its customers and suppliers through superior supply chain logistics, single sourcing and value-added-services, underlying the company’s strong position in world markets. Brenntag offers an unrivalled extensive and state-of-the-art distribution network for industrial and specialty chemicals to its suppliers both in Europe and the Americas.
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