Brenntag Nordic AB acquires Fred Holmberg & Co AB
22 December 2014
Karsten Beckmann, CEO Brenntag Europe, Middle East and Africa: “With this acquisition we bring together two strong companies. Thereby Brenntag will further strengthen and expand its industrial chemicals product portfolio in the region. The transaction fits our industrial chemicals strategy and will broaden the portfolio of products to our customers in addition to our existing speciality range of products and services. With acquiring Fred Holmberg & Co AB we invest once more into our infrastructure which also will add value to our business partners, both customers as well as suppliers.”
“It is very exciting that we have come to terms with Brenntag. We are combining Fred Holmberg & Co AB’s cost-effective logistic set-up and Brenntag Nordic’s market penetration capabilities which enables us to further improve and develop our attractiveness to customers as well as to suppliers and producers in the region” said Fred Holmberg, owner and founder of Fred Holmberg & Co AB.
The acquired business is expected to generate total sales of approximately EUR 75.3 million in 2014. The transaction is expected to be closed during the first quarter of 2015.