Brenntag to acquire U.K.-based lubricant additive and base oil distributor Multisol

German chemicals distributor Brenntag AG said it will acquire U.K.-based specialty chemicals distributor Multisol Group Limited for an undisclosed amount. Multisol is a specialist in the distribution of lubricant additives, high quality lubricating base oils and performance fluids in Europe and Africa. With this acquisition, Brenntag, the global market leader in chemical distribution, will be able to further develop its market position in the distribution of specialty chemicals, particularly lubricant additives and lubricating base oils. Multisol operates in various geographic end markets across Europe and Africa with nearly 170 employees, thus complementing Brenntag’s existing distribution network and enlarging its formulation as well as mixing and blending capabilities. “Multisol seamlessly fits into our strategic approach to enlarge our product focus of specialty chemicals including value added services in our core markets in the U.K., Western Europe, Central and Eastern Europe and Africa,” said Steven Holland, CEO of Brenntag. Paul Oliphant, CEO of Multisol, will continue to lead the operating business of Multisol. The acquisition is pending regulatory approval, which is expected in the fourth quarter of 2011. Multisol is projecting sales of £238 million (US$383 million) in 2012. Brenntag said it expects synergies, cross-selling possibilities and improved efficiency from the acquisition. (September 2, 2011)