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“This transaction strengthens Brenntag’s growth strategy in the Asia-Pacific region,” said Steve Holland, COO and designated CEO. “This acquisition is a strategic investment for Brenntag in China and also a first step through which Brenntag demonstrates full commitment to build a solid distribution network in China. We are continuing to look for further opportunities to support our growth in Asia Pacific.”
Zhong Yung is a major chemical solvent distributor and serves all major solvents-applied industries such as adhesives, coatings, printing inks, electronics, and automotives with a variety of solvent products. The company reportedly has a strong national sales organization covering north, east and south China, representing a large geographical coverage of the total domestic solvents market demand in China.
For more information, visit www.brenntag.com.