Brenntag set to purchase Orlen Polimer

Orlen decided to dispose of the enterprise after it agreed to create a joint venture with Basell, which would produce polyolefins, and thus avoid creating internal competition. "After receiving all necessary permissions, Orlen Polimer will be incorporated by Brenntag," said Zenon Maślona, president of Brenntag in Poland. The purchase is informally estimated at EUR 2 million and will allow Brenntag to become a leader in plastics distribution. The concern might also make further acquisitions, as it is currently in negotiations with other companies. According to Maślona, chemicals distribution in Poland is very fragmented and thus consolidation is likely over the next few years. (Puls Biznesu, p. 9) M.M.