Brenntag acquires Dipol Chemical International, Inc.
Expansion of chemical distribution network in Ukraine, Russia and the Baltic States
Brenntag, the global leader in chemical distribution, announces the acquisition of Dipol Chemical International, Inc. The company is focused on the distribution of chemicals in Ukraine, Russia and the Baltic States and also provides its services in Belorussia and Moldova.
Founded in 1994, Dipol is now a leading company in the distribution of polymers and specialty chemicals in Ukraine, Russia and the Baltic States. With sales in 2007 amounting to US$ 100 million, Dipol operates a well-established distribution network via offices and warehouses in Kiev, St. Petersburg, Moscow and Riga. The company serves a variety of industries and acts as distributor for companies such as DOW, Ineos, Ineos Nova, DuPont and DSM.
“We see huge potential in this area and want to participate in the growth of this East region. The acquisition enables Brenntag to enter the market in the Ukraine and substantially increases our presence in Russia. Furthermore this cooperation is an ideal foothold to enhance Brenntag’s attractiveness for suppliers and customers in fields such as food, cosmetics, construction, paint & varnish and oil & gas. We are very excited about this acquisition and we are looking forward to future development”, says Helmut Struger, Managing Director Brenntag Central and Eastern Europe.
Steve Holland, Chief Executive Brenntag Europe adds: “With Dipol Chemical International as our partner, Brenntag takes a further important step in strengthening the distribution network in Central and Eastern Europe. We would like to extend a warm welcome to both employees and management of Dipol”.
With external sales of Euro 680 million in 2007 Brenntag is the leading chemical distributor in Central and Eastern Europe. Brenntag CEE is established in 14 countries with 1,400 people. 32,000 customers are regularly served through Brenntag CEE’s network of 50 locations.
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