Brenntag

Brenntag AG is a German chemical distribution company founded in 1874 in Berlin. The company is Headquartered in Essen, Germany and has operations in more than 74 countries worldwide.[2]

Brenntag AG
Aktiengesellschaft
Traded asFWB: BNR
ISINDE000A1DAHH0 
IndustryDistribution
Founded1874 (1874)
FounderPhilipp Mühsam
Headquarters
Essen
,
Germany
Key people
Steven Holland (CEO), Stefan Zuschke (Chairman of the supervisory board)
ServicesChemical distribution
Revenue11.7 Billion € (2017)[1]
Number of employees
15,000 (2017)
Websitebrenntag.com

History

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 USA 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.[3]

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.[4]

Body of the company

Management Board [5]

  • Georg Müller, Chief Financial Officer
  • Christian Kohlpaintner, Chief Executive Officer
  • Karsten Beckmann, CEO Brenntag EMEA, Member of the Board
  • Markus Klähn, CEO Brenntag North America, Member of the Board
  • Henri Nejade, CEO Brenntag Asia Pacific, Member of the Board

Supervisory Board [6]

  • Stefan Zuschke (Chairman since 3 March 2010)
  • Stefanie Berlinger (since 9 June 2015)
  • Wijnand Donkers (since 8 June 2017)
  • Ulrich Harnacke (since 8 June 2017)
  • Doreen Nowotne (since 3 March 2010)
  • Andreas Rittstieg (since 28 March 2010)

Shareholder structure

Current shareholder structure (end Dec 2012):[7]

  • Free float: 100.0%

References
  1. "Brenntag Annual Report 2015" (PDF).
  2. "About Brenntag". Brenntag AG. 21 March 2013. Retrieved 13 August 2013.
  3. "History of Brenntag". Brenntag AG. 21 March 2013. Archived from the original on 22 January 2013. Retrieved 14 August 2013.
  4. Welle (www.dw.com), Deutsche. "German firms sent weapons-grade chemicals to Syria despite sanctions — report | DW | 25.06.2019". DW.COM. Retrieved 27 June 2019.
  5. "Management". Brenntag. 30 June 2015. Archived from the original on 15 July 2015. Retrieved 2 August 2015.
  6. "Supervisory Board". Brenntag. Archived from the original on 22 July 2015. Retrieved 2 August 2015.
  7. "Home". Annualreport2012.brenntag.com. Retrieved 2 August 2015.
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