Brenntag Acquires Gafor, a Specialty Solvents Distributor for Adhesives and more

Brenntag, one of the global market leader in chemical distribution, acquires Gafor Distribuidora Ltd, a distributor of specialty solvents in Latin America which is part of Grupo Gafor headquartered in Sao Paulo, Brazil. The largest industries being served by Gafor are coatings, adhesives, personal care and chemical manufacturing. Gafor operates modern storage and distribution facilities and has established market leadership positions in many areas of its product and industry portfolio.

Steven Holland, CEO Brenntag Group: " Gafor is very well positioned to supply local markets with well recognized high quality products from major chemical manufacturers. By acquiring Gafor we expand our market presence in Brazil as the most important chemical distribution market in Latin America and we add critical mass to our existing operation in the country."

For the financial year 2013, Gafor generated total sales of approximately USD 70 m. Closing of the transaction is expected in the course of the next weeks.

About Brenntag

Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in Mülheim an der Ruhr, Germany, the company operates a global network with more than 480 locations in more than 70 countries. In 2013, the company, which has a global workforce of more than 13,000, generated sales of EUR 9.8 billion (USD 13.0 billion). Brenntag is the link between chemical manufacturers and chemical users. The company supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to around 170,000 customers. This includes specific application technology, an extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling. Long-standing experience and local excellence in the individual countries characterize the global market leader for chemical distribution.

Source: Brenntag