Brenntag increases market presence in the USA
Brenntag, leader in the growth market for the distribution of chemicals, announced today the acquisition of 100% of the shares of US distributor Ulrich Chemical, Inc., headquartered in Indianapolis, Indiana.
Ulrich Chemical offers high quality chemicals and services to many diverse industries, such as Pharmaceuticals, Food and Beverage, Paint and Coatings, Plastics, Municipal Water and Wastewater, Cosmetics and Personal Care via 7 locations in Indiana, Kentucky and Illinois. Founded in 1919, Ulrich Chemicals is an active member of the NACD, the National Association of Chemical Distributors, which is committed to the responsible distribution of chemicals. In fiscal year 2006 the company recorded sales of US$ 83.6 million.
William A. Fidler, President & CEO of Brenntag North America explains “The acquisition of Ulrich Chemical combines Brenntag’s global competence with local distribution service capabilities in a “Glocal” way. Ulrich Chemical has a great reputation and is well established and experienced in the Midwest chemical distribution market. This enables Brenntag to increase our market penetration into key industry segments with a broader product line and a wider range of services for our customers in Illinois, Indiana, Ohio, Michigan and Kentucky.”
Ed Pitkin, President & CEO of Ulrich Chemical stated “Ulrich Chemical has grown consistently through the years as a full line, service oriented chemical distributor in the Midwest. In partnering with Brenntag, we found a company with national and global strengths that shares the same passion for local service that has made Ulrich what it is today.”
In 2006 Brenntag once again succeeded in underpinning its position as one of the world’s leading chemical distributors. The company recorded external sales of US$ 7.6 billion (EUR 6.1 billion). Brenntag operates more than 300 locations with more than 10,000 people in 50 countries. In keeping with the company’s strong position in world markets, Brenntag is committed to providing value to its customers and suppliers through superior supply chain logistics, single sourcing and value added services. Brenntag offers an unrivalled, extensive and state-of-the-art distribution network for industrial and specialty chemicals to its suppliers and customers alike, both in Europe and the Americas.
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