Brenntag acquires Italian specialty distributor in fuel and oil additives

Brenntag further strengthens its distribution of specialty additives for the fuel and oil sector with the signing of an agreement to acquire Petrolube, the exclusive distributor of Infineum specialty fuel and oil additives based in Milan, Italy. For the financial year 2012, the company expects an EBITDA of about EUR 0.8 million.

The acquisition follows Brenntag's successful acquisition of Multisol Group, a specialist in the distribution of lubricant additives and base oils in Europe and Africa in November of last year and further strengthens its strategic relationship with Infineum, the market leading manufacturer of specialty fuel and oil additives

Karsten Beckmann, Chief Operating Officer for Brenntag's European business: ”We are delighted with the successful acquisition of Petrolube and the significant contribution it will bring to our existing lubricants and additives business in Italy.”'

Sponsor:

News Category:

Contracts

Other News Items

Beyond processbook & PI vision: Exploring today’s industrial analytics tools

(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...

04-06-2024
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels

The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...

24-04-2024
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project

Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...

23-04-2024
SABIC Fujian Petrochemicals select Phenol yechnology from KBR

KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...

22-04-2024
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...

17-04-2024
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst

Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...

16-04-2024
Yokogawa and GridBeyond conclude investment and strategic partnership agreements

Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...

16-04-2024
Heraeus Precious Metals launches Circlear

Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...

16-04-2024
EMA and JERA to cooperate on LNG procurement and supply chains

The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...

16-04-2024
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity

Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...

16-04-2024