News Article 2015

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September 21 2015, David R Brown

Brenntag strengthens its industrial chemicals distribution business across Asia Pacific

Brenntag has annouced that it has signed an agreement to acquire the TAT Group, a Singapore based distributor of industrial chemicals, from SHS Holdings. The TAT Group supplies a broad product range including solvents, lubricants, fuels, polyalphaolefins, asphalt and white oils through its network of subsidiaries in Singapore, South Korea, Vietnam, Hong Kong and Indonesia. Brenntag also gain TAT's distribution site in Singapore which comprises a large warehouse with modern blending and repackaging facilities.

The acquisition is a significant complement and important investment into Brenntag's geographic and strategic position in Asia Pacific

Steven Holland
CEO Brenntag Group

Steven Holland, CEO Brenntag Group: “TAT has a strong market position and reputation as well as high coverage in South East Asia, Hong Kong and South Korea. 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 and will contribute to further enhance Brenntag's relationships with its Global Key Accounts as well as major suppliers.”

“TAT manages one of the most attractive and well-located distribution sites in Singapore with a large warehouse, modern blending and repackaging facilities, operating under HSE standards that perfectly fit the high principles at Brenntag”, says Henri Nejade, Member of the Management Board of Brenntag Group and responsible for Brenntag's business in Asia Pacific. In addition, Singapore is the preferred hub location being the second-largest port of the world and offering access to the chemical industrial zone ‘Jurong Island’.

The business is expected to generate total sales of approximately EUR 145 million in the financial year 2015. Closing of the transaction is expected in Q4 2015, subject to the approval of shareholders of TAT's holding company and certain other closing conditions.

About Brenntag
Headquartered in Mülheim an der Ruhr, Germany, Brenntag is the market leader in chemical distribution and operates a global network of over 490 locations in more than 72 countries. In 2014, the company, which has a global workforce of more than 13,000, generated sales of EUR 10.0 billion (USD 13.3 billion). With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to around 170,000 customers. This includes specific application technology, extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling.

Source(s): Brenntag Press Release

Further Information

Visit: http://www.brenntag.com