Brenntag acquires all of the operating assets and businesses of Matrix Chemical, LLC (“Matrix”). The company is a solvent distributor and the largest distributor of acetone in North America with sales of approximately $200 million per year to date in 2021.
Steven Terwindt, Member of the Brenntag SE Board of Directors and COO of Brenntag Essentials, comments: “With the acquisition of Matrix, we are creating a highly reliable and competitive logistics network for acetone and solvents in North America which enables us to take advantage of market opportunities and to deliver a variety of commodities to our customers more efficiently, economically and sustainably. Overall, we expect significant operational synergies by leveraging Matrix’s supplier relationships, logistics network and bulk storage capacity in combination with Brenntag’s existing North American infrastructure and logistics. outgoing.
The company distributes acetone and other solvents to customers throughout the United States and Canada. These products are used in various industries such as personal care, adhesives, and the paint and coatings industry. Matrix operates storage tanks at bulk terminals in Houston (Texas), Chicago (Illinois), Vanport (Pennsylvania) and Wilmington (North Carolina).
The closing and signature of the acquisition took place simultaneously.