Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Brenntag Acquires Water-Treatment Chemicals Distributor Altivia

Jan. 2 (Bloomberg) -- Brenntag AG, a German chemical-distributor, said today that it acquired the U.S. water-treatment chemicals distributor Altivia Corp. in a $125 million deal to expand in the water additives business.

The purchase of the Houston-based water-treatment chemical distributor didn’t include Altivia Chemicals LLC’s aluminum polymers manufacturing business and ferric and ferrous sulfate production facilities in Pasadena, Texas, Brenntag said.

The acquisition of Altivia, which formulates, blends and distributes water-treatment chemicals, “will considerably strengthen our regional organization in the southwest as well as our water additives business,” Brenntag management board member William Fidler said. “Its strategically located facility in Houston with river barge and rail capabilities will allow for efficiency gains and further expansion.”

The Muelheim an der Ruhr, Germany-based company, whose shares have climbed 42 percent over the past year, said the transaction closed on Dec. 31.

Link to Company News:{BNR GR <Equity> CN <GO>} Link to Company News:{5037197Z US <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.