Brenntag expands in Middle East by investing in Dubai-based Trychem
Global chemical distributor Brenntag AG (Mülheim an der Ruhr, Germany) has announced the acquisition of a 51% ownership share in chemical distributor Trychem FZC (Dubai, United Arab Emirates).
Trychem is active in the distribution of Solvents serving the Paint, Ink and Coatings industries mainly in the UAE, Saudi Arabia, Bahrain, Oman, Egypt and East Africa, Brenntag said in a statement. The company also offers mixing, blending, packaging and labeling capacities.
In a first step, Brenntag will hold 51% and Tri Star Transport LLC/JRA Holding 49%. No financial details were disclosed on this transaction.
Source: Brenntag website
HGE – DCG / 26.08.2015