World News and Views :: Top of the News
Brenntag Agrees to Buy Chinese Solvents Distributor
12:03 PM MDT | June 9, 2011 | Nancy Seewald
Brenntag says it has agreed to acquire Zhong Yung Chemical (Hong Kong), a €255-million ($373-million) chemical distributor focused on the solvent industry. Purchase price was not disclosed. The deal will take place in two phases, with Brenntag first acquiring a 51% stake in Zhong Yung, slated to occur in the third quarter, then acquiring full ownership in 2016. “Entering into a joint venture for five years gives Brenntag the opportunity to use the experience and know-how of Zhong Yung and its management team to establish a solid business platform for...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee