Brenntag buys all outstanding Shares of Zhong Yung in China
Global chemical distributor Brenntag AG (Mülheim an der Ruhr, Germany) recently announced that the group has signed an agreement to acquire all outstanding shares in Zhong Yung (International) Chemical Ltd. (Shanghai, China) A first tranche of 51% was acquired in 2011 and Brenntag is now buying the remaining 49%.
According to Brenntag, Zhong Yung has a significant presence across the mainland of China with distribution facilities in Beijing, Tianjin, Shanghai and Guangzhou. The infrastructure in the key economic regions in China includes laboratories, blending and storage capabilities.
Brenntag press release
HGE / DCG – 08.06.2016