- Mergers & Acquisitions
Brenntag expands in SE Asia with Aik Moh Group purchase
German chemical distributor Brenntag announced its acquisition of Aik Moh Group, which offers a wide range of industrial chemicals, as well as value-added services such as repacking, warehousing, and logistics support with a focus on Southeast (SE) Asia.
“With the addition of Aik Moh Group to Brenntag Essentials, we execute our ‘Strategy to Win’ in the APAC region, strengthening our local and regional distribution network in Asia Pacific, enhancing our last mile delivery capabilities while at the same time expanding our mixing and blending services. We will foster our leading position as a value-added service provider and reliable distribution partner to our existing and new customers”, said Steven Terwindt, member of the Management Board of Brenntag Group and COO Brenntag Essentials.
With this acquisition, Brenntag Essentials expands its business into key focus markets in Asia Pacific, including Singapore, Malaysia, Indonesia, and the Philippines. The acquisition is an additional step in Brenntag’s ongoing transformation process, the company said, to strengthen local capabilities and market coverage in high-growth markets like Asia-Pacific.
“I want to welcome our new colleagues from the Aik Moh Group to the Brenntag family. The company’s track record, supply chain, infrastructure and customer base speak for themselves, and I am very much looking forward to what we can achieve as a joint Brenntag Essentials team and network in the region,” said Huan Yong Chan, regional president, Brenntag Essentials Asia Pacific.
“We have grown from a company of five employees to a chemical distribution specialist with facilities and a sales organisation in several countries. It is a natural next step for us to join the global market leader in chemical distribution, to which we can add our capabilities and strengths, unlock synergies, and serve our joint customer base even better,” said Kah Moh Tan, chairman of Singapore-based Aik Moh Group. Founded in 1980, Aik Moh Group operates nine blending and warehousing facilities in four countries. The company distributes mainly solvents, glycols, and blends to customers throughout Southeast Asia. These products are used in various industries such as Coatings, Water Treatment, Industrial Cleaning, Construction, Oil & Gas, Inks and Polymers.