10th July 2020

BRENNTAG TO ACQUIRE CANADA COLORS & CHEMICALS

Chemicals distributor Brenntag has signed an agreement with Canada Colors and Chemicals Ltd. to acquire the company’s chemicals distribution business.Headquartered in Toronto, CCC offers a full-line portfolio with operations in the main industrial areas across Canada. 

Steven Holland, CEO with the Brenntag Group, said, “With the acquisition of CCC, Brenntag strengthens its focus and specialties capabilities in both Life Science and Material Science. CCC’s broad positioning and extensive product and service portfolio perfectly complement Brenntag’s offer to our customers and suppliers.”

CCC maintains well-invested, scalable and flexible facilities across Canada to store, blend and package industrial and specialty chemicals and products. Its Life Science offer includes a state-of-the-art ingredients application lab, several own formulations and a highly qualified technical staff. 

CCC’s blending capabilities and formulation expertise in the oil and gas business opens interesting synergetic business opportunities with Brenntag Canada’s own oil and gas operations, the company said. In addition, CCC's own truck fleet will extend Brenntag’s value-added service offering.

Guy Carr-Harris, chairman and CEO of Canada Colors and Chemicals Ltd., commented, “The sale of our chemicals distribution business to Brenntag is an exciting opportunity for our employees and stakeholders to join forces with one of the world’s leading international chemical distribution companies. The combination of Brenntag’s global reach and our technical capabilities provide a compelling platform for our customers and suppliers.”

The business generated total sales of approximately 140 million EUR in the financial year 2017. Closing of the transaction is expected this fall, subject to contractually agreed closing conditions.

www.brenntag.com