ALTIVIA Corporation Sold to Brenntag for $125 Million
Seller Maintains ALTIVIA Chemicals, LLC
HOUSTON, Jan. 2, 2013
HOUSTON, Jan. 2, 2013 /PRNewswire/ --ALTIVIA Corporation today announced that
it has been sold for $125 million to Brenntag, the German-headquartered global
leader in chemical distribution. Not included in the transaction is the
company's affiliate, ALTIVIA Chemicals, LLC, which will continue to operate
the ferric and ferrous sulfate production facilities in Pasadena, Texas and
its aluminium polymers business.
"This transaction allows ALTIVIA Corporation's employees and core businesses
the opportunity to join with a global leader and significantly expand their
market reach," said ALTIVIA Chief Executive Officer and founder J. Michael
Jusbasche. "Our chemical manufacturing company, ALTIVIA Chemicals, LLC, will
seek new chemical manufacturing investments and operate the iron and aluminum
polymer coagulants business. This transaction strengthens our growth
opportunities for ALTIVIA Chemicals."
William Fidler, Member of the Management Board of Brenntag AG, said, "ALTIVIA
has a leading market position in one of the largest industrial distribution
markets in the United States. The acquisition will considerably strengthen our
regional organization in the Southwest as well as our water additives
business, which is one of our focus industries globally. Its strategically
located facility in Houston with barge and rail capabilities will allow for
efficiency gains and further expansion of our business."
About ALTIVIA Corporation
Headquartered in Houston, Texas, privately held ALTIVIA Corporation was
founded in 1986 and is the leading regional producer and distributor of water
treatment additives and commodity chemicals. With manufacturing and
distribution facilities in Houston, San Antonio, and Manor, Texas, Marlow,
Oklahoma and St. Gabriel, Louisiana, ALTIVIA serves municipal and industrial
customers with a broad range of chemical solutions including proprietary
blends formulated for specific water treatment applications. Products
manufactured and distributed by ALTIVIA include Sodium Hypochlorite, Aluminum
Sulfate, Aluminum Chlorohydrate, AQUALUM, Chlorine, Sodium Hydroxide (Caustic)
and Sulfuric Acid.
About ALTIVIA Chemicals
Affiliate ALTIVIA Chemicals, LLC operates a production facility for ferric and
ferrous sulfate utilized for potable and wastewater treatment.
Brenntag is the global market leader in full-line chemical distribution.
Brenntag provides business-to-business distribution solutions for industrial
and specialty chemicals globally. With over 10,000 products Brenntag offers
solutions to more than 160,000 customers. The services include just-in-time
delivery, product mixing, formulation, repackaging and inventory management.
Headquartered Germany, the company operates more than 400 locations in 70
countries. In 2011 the company realized global sales of USD 12.1 billion with
nearly 13,000 employees.
SOURCE ALTIVIA Corporation
Contact: Kelly Kimberly, ALTIVIA, +1-713-822-7538,
firstname.lastname@example.org, or Hubertus Spethmann, Brenntag AG, +49
(208) 7828-7701, email@example.com
Press spacebar to pause and continue. Press esc to stop.