Expanded Presence in Asia for German Distribution Group
Polymers, elastomers and speciality chemicals distributor Biesterfeld AG (Hamburg, Germany), has acquired a majority stake in Singapore-based distribution company GME Chemicals Pte. Ltd. (Singapore) for an undisclosed sum. The outstanding shares will be acquired at a later stage, with full take-over planned for the year 2026.
Established in 1999 in Singapore, GME Chemicals today has subsidiaries in Malaysia, Indonesia, Vietnam, Thailand and China with a staff of 60 employees. The company is active in performance and industrial chemicals, elastomers and specialty polymers. It supplies customers in sectors such as Petrochemicals, Industrials, Personal Care, Food, Pharmaceuticals and Animal Nutrition.
No financial details were disclosed on the transaction.
Biesterfeld press release; GME Chemicals website
HGE / DCG – 21.10.2021