William Fidler, board member at Brenntag 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 organisation 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 river barge and rail capabilities will allow for efficiency gains and further expansion of our business.”
J Michael Jusbasche, CEO and founder of Altivia, added: “This transaction allows Altivia Corporation’s employees and core businesses the opportunity to join with a global leader and significantly expand our market reach. Our chemical manufacturing company Altivia Chemicals, LLC will seek new chemical manufacturing investments and operate the iron and aluminum polymer coagulants business.”
Altivia formulates, blends, repackages and distributes water treatment chemicals. In addition, Altivia serves a wide variety of customer industries with products such as bleach, aluminum sulfate, specialty polymers, caustic soda, chlorine and sulfuric acid. For the financial year 2012 the company is expected to generate sales of US$83 million.