Brenntag

Alginates & Derivatives Market worth $651 million by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, January 31, 2024
Alginic acid, Sodium, Gelatin, Botany, Carrageenan, Brenntag, FMC Corporation, USD, Food, Ashland Global, Dow Chemical Company, Cosmetics, Gum arabic, MCC, Organic acid, Agent handling, Region, Food industry, Textile, Printing, Explosive, Medication, Health, Gel, Textile printing

By type, sodium alginate accounted for the largest share in 2023 in terms of value in the alginates and derivatives market.

Key Points: 
  • By type, sodium alginate accounted for the largest share in 2023 in terms of value in the alginates and derivatives market.
  • By applications, the food & beverage segment is estimated to grow at a higher rate in the alginates and derivatives market.
  • Europe's overall economic stability plays a significant role in determining the trajectory of the alginates and derivatives market.
  • Key players operating in the alginates and derivatives market include Cargill Inc. (US), KIMICA Corporation (Japan), FMC Corporation (US), E.I.

Alginates & Derivatives Market worth $651 million by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, January 31, 2024
Alginic acid, Sodium, Gelatin, Botany, Carrageenan, Brenntag, FMC Corporation, USD, Food, Ashland Global, Dow Chemical Company, Cosmetics, Gum arabic, MCC, Organic acid, Agent handling, Region, Food industry, Textile, Printing, Explosive, Medication, Health, Gel, Textile printing

By type, sodium alginate accounted for the largest share in 2023 in terms of value in the alginates and derivatives market.

Key Points: 
  • By type, sodium alginate accounted for the largest share in 2023 in terms of value in the alginates and derivatives market.
  • By applications, the food & beverage segment is estimated to grow at a higher rate in the alginates and derivatives market.
  • Europe's overall economic stability plays a significant role in determining the trajectory of the alginates and derivatives market.
  • Key players operating in the alginates and derivatives market include Cargill Inc. (US), KIMICA Corporation (Japan), FMC Corporation (US), E.I.

USALCO, an H.I.G. Portfolio Company, Completes Acquisition of Brenntag Southwest’s Coagulant Manufacturing Business

Retrieved on: 
Thursday, January 18, 2024
Utilities, Environment, Finance, Energy, Banking, Chemicals, Plastics, Professional Services, Manufacturing, Growth, Acquisition, Water, Coagulant, Brenntag, H.I.G. Capital

"), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that its portfolio company, USALCO, LLC (“USALCO” or the “Company”), has acquired the coagulant manufacturing business of Brenntag Southwest, Inc. (“Brenntag”).

Key Points: 
  • "), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that its portfolio company, USALCO, LLC (“USALCO” or the “Company”), has acquired the coagulant manufacturing business of Brenntag Southwest, Inc. (“Brenntag”).
  • “Brenntag’s coagulant business is a great addition to USALCO,” said Ken Gayer, CEO of USALCO.
  • Brenntag is a premier distributor of water treatment chemicals, while manufacturing is not a core part of our strategy.
  • “Ken and the USALCO leadership team have built an exceptional specialty water treatment solutions provider with significant runway for continued growth.”

MaintainX Makes Equipment and Regulatory Downtime a Thing of the Past With $50M in New Funding

Retrieved on: 
Wednesday, December 6, 2023
Other Manufacturing, Technology, Professional Services, Manufacturing, Software, Asset Management, IOT (Internet of Things), Data Management, Artificial Intelligence, Titan, Duracell, Bureau, GM, Quality, Entrepreneurship, Plant, SAP, Brenntag, Bureau of Economic Analysis, Shell, The Queen of SOP, Multimedia, Loop maintenance operations system, Senior advisor, Ageing, Engineering, Digital supply chain security, Partnership, VP Bank, ERP, Growth, Univar Solutions, AI, Economics, BCV, Bain Capital Ventures, Digital supply chain, SVP, Cryptocurrency, Maintenance (technical), Asset management, Twilio, Toast, Cintas

Following the company's Series B in June 2021, this investment brings total funding to $104 million while achieving a valuation of $1 billion.

Key Points: 
  • Following the company's Series B in June 2021, this investment brings total funding to $104 million while achieving a valuation of $1 billion.
  • View the full release here: https://www.businesswire.com/news/home/20231206379674/en/
    Improve the way your team plans, manages, and executes equipment maintenance with streamlined work order management and resource planning.
  • (Photo: Business Wire)
    The world’s leading manufacturing, industrial, logistics, hospitality and facilities management companies rely on MaintainX to prevent downtime and ensure 24/7 operations.
  • “The insights MaintainX provides improve our decision making, helping us prevent equipment downtime and predict maintenance needs before they become costly problems.

OneStream Software Announces Strong Third Quarter Results, Maintaining Continued Momentum in 2023

Retrieved on: 
Wednesday, October 11, 2023
Software, Data Analytics, Finance, Environmental, Social and Governance (ESG), Artificial Intelligence, Data Management, Professional Services, Technology, Pillar, Automotive industry, Investment, U.S. Customs and Border Protection, CPM, Avianca, Forecasting, ESG, ARR, AI, Organization, Carbon, Operational definition, Artificial intelligence, Coca-Cola, Ecosystem, 3D Systems, U.S. Immigration and Customs Enforcement, BDO, Generative, GPT, LLM, Biophysical environment, Social, Conference, Cryptocurrency, Brenntag

During this period, OneStream grew its customer base 22% year-over-year to over 1,300 customers globally.

Key Points: 
  • During this period, OneStream grew its customer base 22% year-over-year to over 1,300 customers globally.
  • OneStream hosted its Splash 2023 European User Conference and Partner Summit in Berlin with over 900 attendees, up 60% year-over-year.
  • At the conference, OneStream highlighted the next generation of its Intelligent Finance Platform, advancing performance, scalability, and security.
  • The company announced that OneStream is now reviewing applications submitted for the second wave of partner solutions built on the OneStream platform.

BASF supports diversity, equity, and inclusion in the personal care industry with the Indigenous Beauty Bootcamp

Retrieved on: 
Tuesday, September 26, 2023
CCAB, Learning, Seneca, First Nations, Research, BASF, MISSISSAUGA, Pharmaceutical industry, Brenntag

"The Indigenous Beauty Bootcamp is one of the ways BASF is learning from and working with Indigenous communities," said Apala Mukherjee, President of BASF Canada.

Key Points: 
  • "The Indigenous Beauty Bootcamp is one of the ways BASF is learning from and working with Indigenous communities," said Apala Mukherjee, President of BASF Canada.
  • "We are proud to continue our collaboration with BASF to support Indigenous-owned brands expanding inclusion in the personal care space," said Erika Lucas, Co-Founder of StitchCrew.
  • The Indigenous Beauty Bootcamp application process will open on September 26, 2023, and close on October 24, 2023, at 11:59 EST.
  • Applicants must be 18 years or older, reside in Canada, and have a physical product available to sell.

EQS-News: Baader Bank AG: The Baader Investment Conference celebrates its 12th anniversary with impressively high attendance figures

Retrieved on: 
Monday, September 25, 2023
Brenntag, Baader Bank AG, German, DAX, Environment, Conference, CO2, Cryptocurrency

The 12th edition of the Baader Investment Conference took place in Munich from 18 to 21 September 2023, with a total of around 230 companies presenting and more than 750 investors from 30 countries attending.

Key Points: 
  • The 12th edition of the Baader Investment Conference took place in Munich from 18 to 21 September 2023, with a total of around 230 companies presenting and more than 750 investors from 30 countries attending.
  • "The Baader Investment Conference was a very successful event again this year.
  • We were able to meet many good investors of high quality in this professional setting," stated Christian Kohlpaintner, CEO of Brenntag SE.
  • The next Baader Investment Conference will take place on 23 to 26 September 2024 in Munich, Germany.

Harrington Process Solutions, a Leading Specialty Distributor of Flow Control Process Solutions, to be Acquired by Bain Capital Private Equity

Retrieved on: 
Thursday, September 7, 2023
Construction & Property, Building Systems, Specialty, Machine Tools, Metalworking & Metallurgy, Supply Chain Management, Other Construction & Property, Manufacturing, Retail, BMO Capital Markets, Semiconductor, LLP, Food, IMCD, Kirkland & Ellis, Körber Process Solutions, Bain Capital, Goldman Sachs, McDermott Will & Emery, Ground substance, PwC, Partner, Investment, Nautic Partners, Water, Filtration, Growth, Private credit, Security (finance), Brenntag

Harrington Process Solutions (“Harrington”, or the “Company”), a leading specialty distributor of industrial flow control process solutions, today announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity (“Bain Capital”).

Key Points: 
  • Harrington Process Solutions (“Harrington”, or the “Company”), a leading specialty distributor of industrial flow control process solutions, today announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity (“Bain Capital”).
  • Harrington will continue to operate as a standalone company and be led by its current management team.
  • Founded in 1959 and headquartered in Chino, California, Harrington is a leading distributor of piping and other engineered fluid process products for corrosive and high-purity applications.
  • PricewaterhouseCoopers LLP is serving as accounting advisor, and Kirkland & Ellis LLP is serving as legal counsel to Bain Capital.

Engine Capital Issues Statement Regarding its Efforts to Facilitate a Negotiated Refreshment of Brenntag’s Supervisory Board

Retrieved on: 
Monday, June 5, 2023
Professional Services, Finance, Engine, Capital, Supervisory board, XETRA, Cryptocurrency, Management, Property management, Brenntag

Engine Capital LP (together with its affiliates, “Engine” or “we”), a meaningful shareholder of Brenntag SE (XETRA: BNR) (“Brenntag” or the “Company”) and the beneficial owner of approximately 1% of the Company’s outstanding shares, today issued the following statement regarding its efforts to facilitate a consensual resolution with Brenntag’s Supervisory Board of Directors (the “Supervisory Board”) that would conclude the current election contest.

Key Points: 
  • Engine Capital LP (together with its affiliates, “Engine” or “we”), a meaningful shareholder of Brenntag SE (XETRA: BNR) (“Brenntag” or the “Company”) and the beneficial owner of approximately 1% of the Company’s outstanding shares, today issued the following statement regarding its efforts to facilitate a consensual resolution with Brenntag’s Supervisory Board of Directors (the “Supervisory Board”) that would conclude the current election contest.
  • “Engine and other shareholders have spent several months engaging with Brenntag about the composition of its Supervisory Board, its current strategy and the merits of a specialties business separation.
  • In an effort to facilitate a resolution of the election contest that would benefit all stakeholders, Engine recently took the step of proposing that the Supervisory Board expand to eight members to make room for PrimeStone’s highly qualified director candidates.
  • We are disappointed that the Supervisory Board continues this concerning pattern of entrenchment, despite leading proxy advisory firms and numerous shareholders making clear that change is urgently needed at Brenntag.”

Engine Capital Announces Its Intent to Support PrimeStone’s Director Candidates at Brenntag’s Upcoming Annual Meeting

Retrieved on: 
Wednesday, May 24, 2023
Professional Services, Finance, Interview, IMCD, Share repurchase, Supervisory board, XETRA, EBITA, Acquisition, Investment, Citigroup, Specialty, Annual general meeting, Capital, Supervision, Growth, Letter, Horizon, Essential, Management, Fine chemical, Brenntag, Univar Solutions

Today, Engine issued an open letter to Brenntag's shareholders announcing its intent to support the two director candidates proposed by shareholder PrimeStone Capital LLP (“PrimeStone”) – Joanna Dziubak and Geoff Wild – at the Company’s upcoming Annual General Meeting (the “Annual Meeting”) scheduled to be held on June 15, 2023.

Key Points: 
  • Today, Engine issued an open letter to Brenntag's shareholders announcing its intent to support the two director candidates proposed by shareholder PrimeStone Capital LLP (“PrimeStone”) – Joanna Dziubak and Geoff Wild – at the Company’s upcoming Annual General Meeting (the “Annual Meeting”) scheduled to be held on June 15, 2023.
  • Importantly, our letter encouraged the Supervisory Board to establish a meaningful share repurchase program and add shareholder representatives to the boardroom.
  • By keeping the division inside Brenntag, Brenntag Specialties is not perceived by customers, suppliers, employees or potential acquisition candidates as a pure-play specialties business.
  • As a first step, we look forward to supporting PrimeStone’s director candidates – Joanna Dziubak and Geoff Wild – at the upcoming Annual Meeting.