Brenntag to acquire Singapore’s EPChem
Brenntag, a global market leader in chemical distribution headquartered in Mülheim, Germany, has signed an agreement to acquire the distribution business of EPChem Group, Singapore.
EPChem Group’s distribution business generated total sales of approximately USD54.6 million in the 12 months until May 2016.
EPChem is a distribution company for special performance chemicals, dedicated to waxes and wax-related products for diverse industries and applications mostly in the Asia-Pacific region. The acquisition will include the group’s distribution businesses in Indonesia and China.
“EPChem’s comprehensive product lines perfectly complement Brenntag’s product portfolio in Asia Pacific. In addition, the company has an outstanding track record and longstanding partnership with major global wax producers. With the acquisition, we are strengthening and expanding our specialty chemicals footprint in the region which is one of our strategic growth objectives,” said Henri Nejade, a member of the management board of Brenntag Group and CEO of Brenntag Asia Pacific.
“Waxes have a broad range of applications in several industries such as personal care, coatings, adhesives and roofing and paving. These are attractive industries with high growth potential, especially for innovative products,” said Anthony Gerace, managing director, mergers & acquisitions, Brenntag Group.
Closing of the transaction is expected to occur in the course of the next months, subject to contractually agreed closing conditions.