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.