LONDON and NEW YORK, May 28, 2024 /PRNewswire/ ICIS is pleased to announce the 15th annual ICIS Top 100 Chemical Distributors, the most comprehensive global ranking of these essential companies
German chemicals distributor Brenntag said on Monday it is ending talks with smaller U.S. rival Univar Solutions on a possible takeover, weeks after activist investor PrimeStone called on the company to consider a break-up instead. Shares in the Essen, Germany-based Brenntag slipped sharply after it announced in November that it was discussing a bid, which it said would help it expand in the United States.
German chemicals distributor Brenntag said on Monday it is ending talks with smaller U.S. rival Univar Solutions on a possible takeover, weeks after activist investor PrimeStone called on the company to consider a break-up instead. Shares in the Essen, Germany-based Brenntag slipped sharply after it announced in November that it was discussing a bid, which it said would help it expand in the United States.
The two largest chemical distribution firms in the world may be on a path to becoming one company. While the proposed deal has plastics implications, it's a relatively minor factor.