Brenntag achieves strategic entry into China market

 Brenntag signed a purchase agreement to acquire 100% of Zhong Yung (International) Chemical Ltd. Deal closing for the first tranche is expected in the third quarter of this year. Brenntag will hold a majority stake of 51% and will acquire the remaining stake 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 Brenntag in China. This is a significant milestone in Brenntag's Asian business development following the successful acquisition of EAC Industrial Ingredients in 2010. Zhong Yung is a major chemical solvent distributor and serves all major solvents-applied industries such as paint and coatings, adhesives, printing inks, electronics and automotives with a large variety of solvent products.
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