Brenntag

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Brenntag SE
TypePublic (Societas Europaea)
FWBBNR
FWBBNRA (ADR)
OTC Pink Current: BNTGF
OTC Pink Current: BNTGY (ADR)
DAX component (BNR)
ISINDE000A1DAHH0
US1071801013
IndustryDistribution
Founded1874; 149 years ago (1874)
FounderPhilipp Mühsam
Headquarters,
Number of locations
600 (2023)
Key people
Christian Kohlpaintner (CEO), Doreen Nowotne (Chairwoman of the supervisory board)
ServicesChemical distribution
Revenue14.4 billion (2021)[1]
Number of employees
17,500+ (2023)
ParentDeutsche Bahn Edit this on Wikidata
Websitebrenntag.com

Brenntag SE is a German chemical distribution company founded in 1874 in Berlin. The company is headquartered in Essen, Germany and has operations in more than 78 countries worldwide.[1]

History[edit]

In 1874 Philipp Mühsam founded an egg wholesale business in Berlin which would later become Brenntag. In 1912 Brenntag entered the chemical distribution business.

From the first expansion beyond Germany in 1966 through its entry into the U.S. market in the early 1970s and accelerated growth worldwide throughout the past two decades, much of the growth of Brenntag has been enabled by selective acquisitions in key growth areas around the world.

Brenntag Headquarter "House of Elements" in Essen.

In the 1980s, the company continued to expand in the USA through acquisitions of several distribution companies. In the following decade Brenntag expanded within Europe through acquisitions and joint ventures. By acquiring Holland Chemical International, then the fifth largest chemical distributor worldwide, in 2000 Brenntag gained market shares in Scandinavia, Eastern Europe, and the US and became a market leader in Latin America. In the following ten years the company acquired companies worldwide and therewith expanded its network and market shares. At the same time new chemical distribution centers were built at strategic locations.

The most recent milestone acquisition was the purchase in late 2008 of the distribution business of Rhodia, giving Brenntag the first distribution presence in the Asia Pacific region. In 2010 and 2011 Brenntag further expanded its market presence in the region significantly by acquiring EAC Industrial Ingredients Ltd. A/S and Zhong Yung (International) Chemical Ltd.

Since 29 March 2010, Brenntag AG (WKN A1DAHH) is listed at the German Stock Exchange in the Prime Standard Segment, since 21 June 2010 as a member of the MDAX index. Since September 20, 2021, Brenntag is a member of the DAX index.[2]

In 2019 a number of criminal charges were raised against the company for export chemical components to Syria that were subject to export controls due to Syria's usage of chemical weapons.[3]

In August 2023, the company's facility in Etobicoke, Ontario, Canada suffered a six-alarm fire with no casualties. The fire may have started in truck trailers, but no cause of the fire has been determined yet.[4][5] The health effects of the fire and the release of hazardous materials have not yet been established.[6]

Body of the company[edit]

Management Board [7]

  • Christian Kohlpaintner (CEO)
  • Kristin Neumann
  • Henri Nejade
  • Steven Terwindt
  • Ewout van Jarwaarde

Supervisory Board [8]

  • Doreen Nowotne (chairwoman)

Shareholder structure[edit]

Current shareholder structure (end Dec 2019):[9]

  • Free float: 100.0%

References[edit]

  1. ^ a b "Annual Report 2021" (PDF). Brenntag. Retrieved 10 June 2022.
  2. ^ "History of Brenntag". Brenntag AG. 21 March 2013. Archived from the original on 22 January 2013. Retrieved 14 August 2013.
  3. ^ "German firms sent weapons-grade chemicals to Syria despite sanctions — report | DW | 25.06.2019". DW.COM. Retrieved 27 June 2019.
  4. ^ Green, Kiernan (11 August 2023). "'Majority' of fire at Toronto industrial site extinguished, deputy fire chief says". Toronto Star. The Canadian Press. Retrieved 12 August 2023.
  5. ^ "Crews to remain on scene for several days after 6-alarm industrial fire in Etobicoke". CityNews Toronto. Retrieved 12 August 2023.
  6. ^ Contant, Jason (11 August 2023). "Health concerns raised after massive fire at Toronto industrial site". Canadian Underwriter. Retrieved 12 August 2023.
  7. ^ "Management". Brenntag. 30 June 2015. Archived from the original on 15 July 2015. Retrieved 2 August 2015.
  8. ^ "Supervisory Board". Brenntag. Retrieved 25 September 2020.
  9. ^ "Home". Brenntag. Archived from the original on 14 August 2013. Retrieved 25 September 2019.

External links[edit]