Expands range of specialty chemicals
Brenntag has acquired Turkish specialty chemcials distributor Parkoteks Kimya San. The Istanbul-based company provides a range of products for the personal care industry and generates annual sales of €14.3m annually.
Karsten Beckmann, a member of the Brenntag Group's Board of Management, commented: "Parkoteks is a significant addition to Brenntag's strategy in Turkey and a valuable extension to our existing personal care product portfolio. With Brenntag Turkey offering customised solutions and specialty chemicals, we provide a powerful combination with an outstanding distributional strength in the personal care sector." He added: "Parkoteks has a technically qualified and skilled sales team and provides in-house application laboratory with specially-trained technicians.
The transaction is due to close in the next three weeks.