Brenntag acquires Italian specialty distributor in fuel and oil additives

Brenntag further strengthened its distribution of specialty additives for the fuel and oil sector with the signing of an agreement to acquire Petrolube, the exclusive distributor of Infineum specialty fuel and oil additives based in Milan, Italy. For the financial year 2012, the company expects an EBITDA of about €0.8 million (US$995,862). The acquisition follows Brenntag’s successful acquisition of Multisol Group, a specialist in the distribution of lubricant additives and base oils in Europe and Africa last November, further strengthening its strategic relationship with major global petroleum additive manufacturer, Infineum. Germany’s Brenntag AG is a global market leader in fullline chemical distribution.