International. Life Science and Coatings is a specialty distributor with extensive experience in blending.
Brenntag announced the acquisition of the Life Science and Coatings business of Ravenswood, a specialty distributor in Australia and New Zealand with deep blend expertise.
Henri Nejade, member of the board of directors of Brenntag Group and COO of Brenntag Specialties said: "Brenntag Specialties customers trust us to provide solutions and services to very specific needs on a global and regional scale.
"For us, expanding our operations with Ravenswood's capabilities in Australia and New Zealand and beyond, especially with mixing expertise, will be a great addition for our customers in the APAC region."
Founded in 1978, the company is headquartered in Bayswater, Australia, and operates two sites in Australia. Ravenswood serves a wide range of customers in the region.
Glenn Fox, general manager of Ravenswood, comments, "Joining Brenntag, the world's leading specialty distributor, is a huge expansion of our business opportunities and a natural next step we are excited to take in our growth."
Gust Desmedt, senior vice president of corporate strategy and mergers and acquisitions at Brenntag, said: "The acquisition represents a great opportunity to expand our presence in Australia and New Zealand.
"It also aligns with our Nutrition strategy and our aspirations to grow our portfolio of services by offering additional blending capabilities to our customers."
The acquired business generated sales of approximately AUD 65 million in fiscal 2022 (which ended June 30). The transaction is expected to close in December.
