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Adhesives & Sealants Headlines

Brenntag Enters China Market with Acquisition

July 19, 2011

Brenntag announced it has signed a purchase agreement to acquire 100% of Zhong Yung (International) Chemical Ltd. Brenntag will hold a majority stake of 51% and will acquire the remaining stake in 2016. This five-year joint venture reportedly allows Brenntag to use the experience of Zhong Yung and its management team to establish a solid business platform for Brenntag in China.

“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.

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    At Brenntag, we’re the global market leader in chemical and ingredient distribution, and we’ll continue to increase our focus on connecting products, knowledge and innovation. Our full-line CASE & Construction portfolio comprises both specialty and industrial chemicals from a world-class supplier base. Building on long-standing experience, unmatched global reach and local excellence, we work closely alongside our partners to make their businesses more successful. You’ll benefit from choosing us as your go-to-service partner, as we have passionate employees who deeply care about our relationships with you.
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