Sector News

Brenntag acquires distribution business of EPChem

October 27, 2016
Chemical Value Chain

Brenntag, the global market leader in chemical distribution, has signed an agreement to acquire the distribution business of EPChem Group, Singapore.

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.

Henri Nejade, Member of the Management Board of Brenntag Group and CEO Brenntag Asia Pacific: “EPChem’s comprehensive product lines perfectly complement Brenntag’s product portfolio in Asia Pacific. In addition, the company has an outstanding track record and long-standing 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.”

Anthony Gerace, Managing Director Mergers & Acquisitions at Brenntag Group: “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.”

The business generated total sales of approximately 54.6 million USD in the 12 months until May 2016. Closing of the transaction is expected to occur in the course of the next months, subject to contractually agreed closing conditions.

Source: Brenntag

comments closed

Related News

January 29, 2023

Dow and 3M cut thousands of jobs

Chemical Value Chain

3M and Dow have announced they are cutting thousands of roles from their global workforces in response to economic pressures. Dow has said it will cut 2,000 jobs across its global workforce (around 5%) in a bid to save US$1bn in 2023. The company says it will also cut costs by shutting down “select assets”, though it did not note where it would halt operations.

January 29, 2023

Sweden discovers Europe’s largest rare earths deposit

Chemical Value Chain

Sweden’s state mining firm has discovered what could be Europe’s largest rare earths deposit, and says it could help the bloc reduce its reliance on imports of minerals needed to manufacture clean technologies and meet climate targets.

January 29, 2023

Avantium to supply Henkel with plant-based FDCA

Chemical Value Chain

Henkel and Avantium have been partners since 2019, when Henkel joined the PEFerence consortium. This consortium of partners, coordinated by Avantium, aims to establish an innovative supply chain for FDCA and PEF (polyethylene furanoate).

How can we help you?

We're easy to reach