Brenntag expands Industry Coverage in Asia-Pacific Region
Global chemical distributor Brenntag AG (Essen, Germany) announced that it will acquire Neuto Chemical Corp, (Taipeh, Taiwan) for an undisclosed sum. The company is a distributor of specialty and industrial chemicals, focusssed on industries such as Electronics, Coatings, Textile and Metal Working.
Brenntag said that Neuto is complementary to Brenntag Taiwan’s current business focus of Health and Nutrition. For 2018, the business reported total sales of approx. EUR 26.2 mn.
No financial details were disclosed on the transaction, which is subject to certain contractual closing conditions and regulatory approvals. Closing is expected to take place in the first haf of 2020, Brenntag said.
Source: Brenntag press release
HGE – DCG / 31.07.2019