Brenntag AG / Key word(s): Acquisition
05.11.2015 06:49
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Brenntag today announces an expansion of its lubricants business in North
America by signing agreements to acquire two leading distributors: J.A.M.
Distributing Company, LLC, and related entities, headquartered in Houston,
Texas, and G.H. Berlin-Windward, headquartered in Manchester, New
Hampshire.
J.A.M. and G.H. Berlin-Windward are servicing across the lubricant supply
chain in a broad range of industries. Both companies offer integrated
product and service solutions focused on lubricants servicing to
industrial, commercial, automotive, and marine end markets throughout the
Gulf Coast, Texas and the northeast United States respectively.
Both acquisitions are an investment in rebalancing Brenntag's industry mix
in North America and complement the existing business in the less volatile
lubricants market. This represents a review and shift to counteract the
structural change in oil & gas earnings in North America.
The combined companies are expected to contribute sales of approximately
780 million USD in the financial year 2016. Gross profit 2016 is expected
to amount to approximately 127 million USD with an expected EBITDA of about
50 million USD. The investment for both acquisitions totals 440 million
USD. The closing of the transactions will occur in the course of the next
weeks, subject to contractually agreed closing conditions.
Contact:
Brenntag AG
Thomas Langer, Diana Alester, René Weinberg
Corporate Finance & Investor Relations
Stinnes-Platz 1
45472 Mülheim an der Ruhr
Germany
Telephone: +49 (208) 7828-7653
Fax: +49 (208) 7828-7755
E-Mail: ir@brenntag.de
05.11.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Brenntag AG
Stinnes Platz 1
45472 Mülheim an der Ruhr
Germany
Phone: +49 (0) 208 7828 - 7653
Fax: +49 (0) 208 7828 - 7755
E-mail: ir@brenntag.de
Internet: www.brenntag.com
ISIN: DE000A1DAHH0
WKN: A1DAHH
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart
End of Announcement DGAP News-Service
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