Brenntag has signed an agreement to acquire Fred Holmberg & Co AB, a Swedish chemical distributor based in Malmö, for approximately €75.3 million. Fred Holmberg & Co has a strong market share in Scandinavia, focusing on the distribution of organic and inorganic materials throughout the region, including AdBlue. With this acquisition, Brenntag will also acquire the company's main site in Kalmar, which is a facility featuring filling lines for packaging goods and direct access to the city's harbour.
The acquisition will enable Brenntag to expand its presence in the Scandinavian region. Karsten Beckman, CEO of Brenntag Europe, Middle East and Africa said: "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." The transaction is expected to complete by the end of the first quarter of 2015.