July 03, 2024 [Brenntag]- Brenntag, the global market leader in chemicals and ingredients distribution, today announced the acquisition of the assets of Industrial Chemicals Corporation (ICC) in Denver, Colorado, expanding its geographical footprint with a strategic distribution facility to better serve the region.
Over the last 60 years, the Biesemeier family built Industrial Chemicals Corporation into a leading regional industrial commodity chemical distributor. The centrally located ICC facility in Denver significantly enhances Brenntag’s regional presence. It is directly linked to an inland rail terminal and has large storage capacities.
Scott Leibowitz, President Brenntag Essentials North America, comments: “I want to welcome all our new colleagues of ICC to our team. Brenntag Essentials combines a cost-efficient network of last mile service operations with regional sourcing and supply chain services, and global sourcing. The location in Denver, Colorado is a highly compatible fit to our strategy, adding strong local last mile service operations with a state-of-the-art site to strengthen our regional footprint in North America. With this acquisition, we will increase service levels and cost efficiency for Brenntag customers while providing Brenntag supply partners with greater access to the local market.”
Jamie Biesemeier-Wilkins, CEO of ICC, commented: “For nearly 70 years, ICC has been striving to support our customers in the best way possible. Brenntag recognized what we have built here, and we’re excited to be joining forces with them. It’s a great way to expand our reach and better serve our local and regional customers.”
ICC reported an annual revenue of 40 million USD in 2023. Signing and closing happened simultaneously. Financial details of the transaction are not being disclosed.
Free Trial: Access 13,300 Tank Terminal and Production Facilities
13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data
