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EAC Industrial Ingredients acquires Indian business

January 10, 2009

EAC Industrial Ingredients continues to strengthen its specialty chemical business in India and has recently completed the acquisition of the Food and Pharmaceuticals distribution business from S.A. Pharmachem P. Limited (SAP) in Mumbai.

The acquired business distributes a range of specialty ingredients in India, which complements the current activities of EAC Industrial Ingredients in the country. The acquisition is believed to have doubled the size of Industrial Ingredients' business in India, thereby providing better scale and creating a stronger platform for further growth.

Despite the ‘credit crunch’ EAC still considers India an attractive market, with a growing economy, and the acquisition is in line with EAC's strategy to expand in South Asia leveraging on the business’ expertise and performance in South East Asia.

Over the past few years, EAC Industrial Ingredients has been building up its regional presence in South East Asia. Today, about half of the company’s revenue is generated outside Thailand, where the business started in 1932, and EAC intends to raise this significantly over the coming years as international manufacturers of industrial ingredients look to emerging markets for growth.

EAC Industrial Ingredients' distribution network covers nine Asian markets - Thailand, India, Bangladesh, Vietnam, Indonesia, the Philippines, Malaysia, Singapore and Cambodia – operating out of 19 offices, and representing more than 150 international manufacturers of industrial ingredients. Target markets include coatings, food, pharma, personal, plastics, rubber, paper, textile and leather.

EAC Industrial Ingredients
EAC Industrial Ingredients, part of the EAC Group (The East Asiatic Company), has close to 100 years experience in the business of distributing chemicals in Asia. Over the past five years the business has shown double digit growth and in 2008 had sales of €174M (1295M DKK).

Source: EAC Industrial Ingredients website

Further Information

Visit: http://www.eacii.com

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