05.11.2015 Brenntag AG  DE000A1DAHH0

DGAP-Adhoc: Brenntag AG: Brenntag enters into agreements to acquire two leading US lubricants distributors


 
Brenntag AG / Key word(s): Acquisition 05.11.2015 06:49 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Brenntag today announces an expansion of its lubricants business in North America by signing agreements to acquire two leading distributors: J.A.M. Distributing Company, LLC, and related entities, headquartered in Houston, Texas, and G.H. Berlin-Windward, headquartered in Manchester, New Hampshire. J.A.M. and G.H. Berlin-Windward are servicing across the lubricant supply chain in a broad range of industries. Both companies offer integrated product and service solutions focused on lubricants servicing to industrial, commercial, automotive, and marine end markets throughout the Gulf Coast, Texas and the northeast United States respectively. Both acquisitions are an investment in rebalancing Brenntag's industry mix in North America and complement the existing business in the less volatile lubricants market. This represents a review and shift to counteract the structural change in oil & gas earnings in North America. The combined companies are expected to contribute sales of approximately 780 million USD in the financial year 2016. Gross profit 2016 is expected to amount to approximately 127 million USD with an expected EBITDA of about 50 million USD. The investment for both acquisitions totals 440 million USD. The closing of the transactions will occur in the course of the next weeks, subject to contractually agreed closing conditions.   Contact: Brenntag AG Thomas Langer, Diana Alester, René Weinberg Corporate Finance & Investor Relations Stinnes-Platz 1 45472 Mülheim an der Ruhr Germany Telephone: +49 (208) 7828-7653 Fax: +49 (208) 7828-7755 E-Mail: [email protected] 05.11.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Brenntag AG Stinnes Platz 1 45472 Mülheim an der Ruhr Germany Phone: +49 (0) 208 7828 - 7653 Fax: +49 (0) 208 7828 - 7755 E-mail: [email protected] Internet: www.brenntag.com ISIN: DE000A1DAHH0 WKN: A1DAHH Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------