Tag Archives: Southeast Asia

Biesterfeld acquires GME Chemicals in Singapore

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

Caldic acquires Malaysian Distributor DCM Asia

Dutch Distributor expands its activities in Southeast Asia

International producer and distributor of food ingredients and chemicals, Caldic B.V. (Rotterdam, The Netherlands) has today announced the acquisition of DCM Asia (Shah Alam, Selangor (Kuala Lumpur), Malaysia), a distributor of specialty chemicals in Malaysia from Private Equity sponsor The Riverside Company (New York, NY – United States) for an undisclosed sum.

 

DCM Asia was originally established in 1987. Today it serves over 1’000 customers in Malaysia and other parts of Southeast Asia, Caldic said in a statement. Markets covered include Coatings & Construction, Plastics & Rubber, Personal Care and Food & Nutrition.

 

No financial details were disclosed on this transaction.

 

Source: Caldic press release, Riverside website

 

HGE – DCG / 06.01.2020