Global chemical distributor Brenntag has acquired Philchem,
officials said on Tuesday.
Based in Houston, Philchem is specialized in managing
individual supply and demand imbalances in selected product
groups utilizing long-term relationships with key suppliers
and an excellent logistics expertise.
We expect global supply chain flows to shift as a
result of the shale gas developments in North America," said
Markus Klähn, CEO of Brenntag North America.
"Brenntags customers and suppliers will increasingly
benefit from Philchems capability to manage individual
supply and demand situations.
"With the help of Philchem, Brenntag will be even better
equipped to predictably move products and to ensure reliable
supply," he added. "The business model of Philchem
complements the strategic profile of the Brenntag global
marketing team and its expertise in products with global
For the financial-year 2013, Philchem generated total
sales of approximately $162 million.
I am looking forward to partnering with Brenntag to
develop strategic business bringing additional benefits to
customers and suppliers," said Philip Exnicious, president of