Brenntag UK & Ireland receives £50m investment as new UK HQ launches in Leeds
The UK and Ireland division of Brenntag, the global distributor of chemical ingredients, received a multi-million pound investment and launched its new UK head office, based in North Leeds, on Monday (Jan 9th).
Brenntag UK & Ireland has now been given over £50m of funding from Brenntag Group, headquartered in Mülheim an der Ruhr, Germany.
The company distributes chemical ingredients used across a range of sectors including food and nutrition, cosmetics, pharmaceutical, household and industrial cleaning.
The investment will be allocated across Brenntag’s business operations in the UK and Ireland, including major investments in the North of England and Scotland through a five-year growth strategy.
In December, the entire workforce of Brenntag’s headquarters relocated after outgrowing its original base in Rawdon. Larger, more contemporary premises at Lawnswood Business Park in North Leeds are now home to over 80 members of staff which were officially opened this week by Brenntag Group directors.
Key suppliers and customers, Leeds North West MP Greg Mulholland, as well as representatives from The Department for International Trade, Leeds City Region Enterprise Partnership (LEP) and Brenntag UK & Ireland depots attended the official launch of the company’s new UK HQ.
Russell Argo, president of Brenntag UK and Ireland, commented: “Following the relocation to our new UK and Ireland HQ, we are even better placed to reaffirm our market leading position. This is the perfect start to the year for the business.
“Across the UK and Ireland, numerous initiatives, innovations and targets have been consistently delivering impressive performance results for the group so to receive significant financial backing from Europe is a major boost and a real vote of confidence in our ambitions over the next few years.”
Argo added: “Organic growth is always our focus but over the next few years we will give it a helping hand with sector specific acquisitions to enhance our added value offer across the markets.”
Steven Holland, chief executive officer of Brenntag AG, commented: “The UK represents a significant market for our products and services and it remains an integral part of our European and global growth strategy.”
Greg Mulholland, MP for Leeds North West said: “It’s encouraging to see a thriving, market leading business with its roots planted firmly in Leeds continuing to go from strength to strength. To receive such significant financial backing from Europe in the current climate is testament to the success and ongoing vision of the UK operation.”
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