Brenntag into Israel
Brenntag has entered the Israeli market by acquiring distributor Y.S. Ashkenazi Agencies and its subsidiary Biochem Trading. The firm is the said to be the national market leader in personal care, and food and nutrition as well as one of the largest speciality chemical distributors. Terms were not disclosed and the deal has already been completed.
Y.S. Ashkenazi is located at Kibbutz Netzer Sereni, close to both Ashod Harbour and Tel Aviv airport. Its portfolio includes more than 500 speciality products, plus value-added services and technical support. In 2021, it had sales of about €39 million.
RELATED ARTICLES
A pilot enforcement project carried out by national enforcement authorities in 13 European Economic Area (EEA) countries between November 2023 and April 2024 found that 6% of about 4,500 cosmetic products inspected contained hazardous substances.
Spanish energy and chemicals company Cepsa has renamed itself Moeve.
India’s Sudarshan Chemical Industries (SCIL) has entered into a definitive agreement to acquire the Heubach Group in a move that it said would “create a global pigment company, combining SCIL’s operations and expertise with Heubach’s technological capabilities”. Terms were not disclosed.
Belgian start-up AmphiStar has launched what it claims are the first fully upcycled biobased surfactants under the trade names AmphiCare and AmphiClean.
Evonik has officially opened its new “double-digit million-euro” production plant for cosmetic emollients at Steinau, Germany. This will use an enzymatic esterification process from the company’s biotechnology platform to convert vegetable oils.
Lubrizol has opened its Beauty Research Institute in Shanghai.
