Brenntag acquires Italian distributor

Brenntag is strengthening its distribution of special 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 €0.8 million.

The acquisition follows Brenntag’s 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, which manufactures special fuel and oil additives

Karsten Beckmann, chief operating officer for Brenntag’s European business, commented: “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.”