Brenntag has struck a deal to acquire Chemgrit, a speciality chemical distributor headquartered in Johannesburg, South Africa.
The acquisition, financial details of which were not disclosed, is expected to be completed during the fourth quarter of 2023.
Brenntag will integrate Chemgrit’s personal care operations into its Personal Care & HI&I business unit.
The German firm said the combined businesses will accelerate growth in cosmetics and extend the application and technical support services also to HI&I cleaning customers.
The enlarged Brenntag Specialties business in South Africa will be scaled to other African markets, adding to Brenntag’s current African presence with local entities in Maghreb, Ghana, Nigeria, East Africa, Mauritius and South Africa.
“With this acquisition, we execute Brenntag’s ‘Strategy to Win’ and enrich the capabilities, scope and scale for Brenntag Specialties in Southern Africa,” said Michael Friede, CEO Brenntag Specialties.
“Chemgrit’s cosmetics focus perfectly complements our existing national food and pharma business in Life Science and supports our ambition to achieve an ever-stronger position with a comprehensive offering in South Africa and beyond,” he added.