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Chemical distributor goes global
Allens and Bakers have acted in the sale of ISM and Salkat groups to global distributor Brenntag AG.
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Firms: Allens and Andrew Priestley & Associates (the ISM and Salkat groups), Baker & McKenzie (Brenntag AG)
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Deal: Sale of the ISM and Salkat groups to global chemical distributor and German-listed company Brenntag AG
Area: M&A
Value: $100 million
Key players: The Allens team was involved in negotiations of the transaction documents. The team was led by partner Steve Clifford (pictured) and included senior associate Jonathan Teo and lawyer Claire Agius. The Bakers team was led by Sydney M&A partner Ben McLaughlin, senior associate Kate Jefferson and associate Candice Heggelund, with specialist assistance from special counsels Justin Gross and Toby Patten
Deal significance: ISM and Salkat are based in Australia and New Zealand and distribute speciality raw materials to the manufacturing industries in both countries. Brenntag is expected to start integrating with the ISM and Salkat groups later this month.
