Brenntag to acquire industrial chemicals distributor in Singapore

11:34 AM, 19th September 2015
Steven Holland, CEO, Brenntag Group. (File photo)

MULHEIM, GERMANY: Brenntag AG said it has agreed to acquire TAT Group, a Singapore based distributor for industrial chemicals. The business is expected to generate total sales of approximately €145 million in 2015. Closing of the transaction is expected in Q4 2015.

The company’s facilities in Singapore cover supply chain requirements and value added services including modern blending, packaging, storage and logistics facilities. TAT has a strong market position and reputation as well as high coverage in South East Asia, Hong Kong and South Korea and offers a broad product range of solvents and related products to its customers.

“The acquisition is a significant complement and important investment into Brenntag’s geographic and strategic position in Asia Pacific. TAT’s distribution network serves a broad customer base in the coatings, pharmaceutical, plastics, electronics and other industries,” said Steven Holland, CEO, Brenntag Group.

“TAT manages one of the most attractive and well-located distribution sites in Singapore with a large warehouse, modern blending and repackaging facilities. Singapore is also the preferred hub being the second-largest port of the world and offering access to the chemical industrial zone “Jurong Island,” said Henri Nejade, management board member, Brenntag Group and responsible for Brenntag’s business in Asia Pacific.

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