Brenntag completes Formation of JV in India
Global chemical distributor Brenntag AG (Essen, Germany) announced that the company has closed the acquisition of 65% of the shares of Raj Petro Specialties Pvt. Ltd. (Mumbai and Chenai, India) in a first tranche of the transaction initially announced in December 2017. This allowed the formation of a 65/35% joint venture. The second and remaining tranche will be bought by Brenntag after a period of five years at the earliest.
The company distributes its own branded blends of petroleum-based products like Transformer Oils, White Oils, Paraffins, Petroleum Jelly, Process Oils, Waxes or Solvents to a range of customer industries in India and several other countries in Asia-Pacific, Africa and the Middle East. The product portfolio also comprises Automotive and Industrial Lubricants
Source: Brenntag press release
HGE – DCG / 10.05.2018