Brenntag SE (XTRA:BNR) will look for acquisitions. Brenntag said on November 10, 2022 that it will look for strategic acquisitions to drive growth in the medium term. To finance the inorganic growth, the company will double the annual planned spending on mergers and acquisitions (M&A) to around €400 million to €500 million ($497.7 million).

"We will focus on growth through organic re-investments as well as through value creating M&A activities. At the same time, we will proceed with our financial discipline that has proven to be very successful in the past. We will also make sure that we will integrate the acquired companies properly,” said Chief Financial Officer Kristin Neumann.