Acquisition of US distributor Ulrich Chemical - Brenntag
Acquisition of US distributor Ulrich Chemical - Brenntag
Acquisition of US distributor Ulrich Chemical - Brenntag
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Press Release<br />
Reading / Mülheim an der Ruhr, March 30, 2007<br />
<strong>Acquisition</strong> <strong>of</strong> <strong>US</strong> <strong>distributor</strong> <strong>Ulrich</strong> <strong>Chemical</strong><br />
<strong>Brenntag</strong> increases market presence in the <strong>US</strong>A<br />
<strong>Brenntag</strong>, leader in the growth market for the distribution <strong>of</strong> chemicals,<br />
announced today the acquisition <strong>of</strong> 100% <strong>of</strong> the shares <strong>of</strong> <strong>US</strong> <strong>distributor</strong><br />
<strong>Ulrich</strong> <strong>Chemical</strong>, Inc., headquartered in Indianapolis, Indiana.<br />
<strong>Ulrich</strong> <strong>Chemical</strong> <strong>of</strong>fers high quality chemicals and services to many diverse<br />
industries, such as Pharmaceuticals, Food and Beverage, Paint and<br />
Coatings, Plastics, Municipal Water and Wastewater, Cosmetics and<br />
Personal Care via 7 locations in Indiana, Kentucky and Illinois. Founded in<br />
1919, <strong>Ulrich</strong> <strong>Chemical</strong>s is an active member <strong>of</strong> the NACD, the National<br />
Association <strong>of</strong> <strong>Chemical</strong> Distributors, which is committed to the responsible<br />
distribution <strong>of</strong> chemicals. In fiscal year 2006 the company recorded sales<br />
<strong>of</strong> <strong>US</strong>$ 83.6 million.<br />
William A. Fidler, President & CEO <strong>of</strong> <strong>Brenntag</strong> North America explains<br />
“The acquisition <strong>of</strong> <strong>Ulrich</strong> <strong>Chemical</strong> combines <strong>Brenntag</strong>’s global<br />
competence with local distribution service capabilities in a “Glocal” way.<br />
<strong>Ulrich</strong> <strong>Chemical</strong> has a great reputation and is well established and<br />
experienced in the Midwest chemical distribution market. This enables<br />
<strong>Brenntag</strong> to increase our market penetration into key industry segments<br />
with a broader product line and a wider range <strong>of</strong> services for our customers<br />
in Illinois, Indiana, Ohio, Michigan and Kentucky.”<br />
Ed Pitkin, President & CEO <strong>of</strong> <strong>Ulrich</strong> <strong>Chemical</strong> stated “<strong>Ulrich</strong> <strong>Chemical</strong> has<br />
grown consistently through the years as a full line, service oriented<br />
chemical <strong>distributor</strong> in the Midwest. In partnering with <strong>Brenntag</strong>, we found<br />
a company with national and global strengths that shares the same<br />
passion for local service that has made <strong>Ulrich</strong> what it is today.”<br />
<strong>Brenntag</strong> Holding GmbH Phone +49(0)208/78 28-7701<br />
Unternehmenskommunikation Stinnes-Platz 1 Fax +49(0)208/78 28-7220<br />
Corporate Communications 45472 Mülheim an der Ruhr E-Mail: hubertus.spethmann@brenntag.de<br />
Hubertus Spethmann Germany www.brenntag.com
In 2006 <strong>Brenntag</strong> once again succeeded in underpinning its position as<br />
one <strong>of</strong> the world’s leading chemical <strong>distributor</strong>s. The company recorded<br />
external sales <strong>of</strong> <strong>US</strong>$ 7.6 billion (EUR 6.1 billion). <strong>Brenntag</strong> operates more<br />
than 300 locations with more than 10,000 people in 50 countries. In<br />
keeping with the company’s strong position in world markets, <strong>Brenntag</strong> is<br />
committed to providing value to its customers and suppliers through<br />
superior supply chain logistics, single sourcing and value added services.<br />
<strong>Brenntag</strong> <strong>of</strong>fers an unrivalled, extensive and state-<strong>of</strong>-the-art distribution<br />
network for industrial and specialty chemicals to its suppliers and<br />
customers alike, both in Europe and the Americas.<br />
<strong>Brenntag</strong> Holding GmbH Phone +49(0)208/78 28-7701<br />
Unternehmenskommunikation Stinnes-Platz 1 Fax +49(0)208/78 28-7220<br />
Corporate Communications 45472 Mülheim an der Ruhr E-Mail: hubertus.spethmann@brenntag.de<br />
Hubertus Spethmann Germany www.brenntag.com