Brenntag announces the acquisition of Lawrence Industries. The acquisition further strengthens the company’s position within Material Science and across various industries. It includes coatings, adhesives, sealants, elastomers (CASE), construction, polymer, and rubber industries.
This accumulates a broad ecosystem of top-tier supply partners and a high-quality portfolio. It most strongly drives market needs for formulation solutions and leading sustainability footprint.
Strategic Acquisition to Expand Footprint in UK & Ireland
Brenntag is a distributor of chemicals and ingredients. Brenntag Specialties is aiming to expand its Material Science footprint through strategic acquisitions. Lawrence Industries will complement this strategy by significantly expanding the footprint in the UK & Ireland, as well as expanding the know-how and supplier portfolio for value-added services.
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The acquisition of Lawrence Industries will further strengthen our specialty offering in the UK and Ireland and is perfectly in line with our strategy in Material Science. Lawrence Industries has developed an industry-leading reputation,” said Lars Schneider, global president, of Brenntag Specialties Material Science.
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I am deeply impressed with Lawrence Industries and its highly capable and outstanding team, their long-established regional presence, strong specialty portfolio, and experienced technical set-up. I look forward to further expanding our technical and value-added services to our top-tier suppliers and valued customers with a particular focus on innovative and sustainable solutions, leveraging each other’s capabilities,” added Schneider.
Lawrence Industries is a technically driven independent specialty chemicals distribution company. It is based in Tamworth, Staffordshire. The company serves a diverse range of markets across the UK and Ireland. They supply high-quality additives, minerals, and catalysts. The businesses generated sales of approximately 30 million GBP in 2023.
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We are excited to join the Brenntag family,” said Charles Henn-Allen, managing director of Lawrence Industries. “
Gaining the international reach is an important next step for us as a distributor of specialty chemicals in the UK. Moreover, acquiring access to Brenntag’s extensive Innovation & Application Centre network enables our current and future customers to benefit from best-in-class value-added services.”
Financial details of the deal are not being disclosed. Signing and closing of the transaction occurred simultaneously.
Source: Brenntag