Brenntag closes acquisition of EAC Industrial Ingredients Ltd. A/S
Brenntag completed the acquisition of EAC Industrial Ingredients Ltd. A/S, a provider of chemical distribution solutions in South and South East Asia. Selling company was The East Asiatic Company Ltd. A/S. With this step Brenntag acquires EUR 220 million of sales expected for 2010 and significantly expands its market presence and strengthens its strategic position in the growth region Asia Pacific. Having signed the share purchase agreement on July 5, 2010, the transaction has formally been closed within only eight days. A notification for merger control was not necessary.
With this major acquisition in South and South East Asia Brenntag reinforces its growth strategy in Asia Pacific as it provides Brenntag with the capacity to accommodate accelerated growth in the region for the years to come. Brenntag gains access to an established distribution network, to in-depth knowledge of local markets and to relationships with a broad customer and supplier base.
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