Brenntag, the global market leader in chemical distribution, has signed an agreement to acquire the distribution business of EPChem Group, Singapore. EPChem is a distribution company for special performance chemicals, dedicated to waxes and wax related products for diverse industries and applications mostly in the Asia Pacific region. The acquisition will include the Group’s distribution businesses in Indonesia and China.
Henri Nejade, Member of the Management Board of Brenntag Group and CEO Brenntag Asia Pacific: “EPChem’s comprehensive product lines perfectly complement Brenntag’s product portfolio in Asia Pacific. In addition, the company has an outstanding track record and long-standing partnership with major global wax producers. With the acquisition, we are strengthening and expanding our specialty chemicals footprint in the region which is one of our strategic growth objectives.”
Anthony Gerace, Managing Director Mergers & Acquisitions at Brenntag Group: “Waxes have a broad range of applications in several industries such as personal care, coatings, adhesives and roofing and paving. These are attractive industries with high growth potential, especially for innovative products.”
The business generated total sales of approximately 54.6 million USD in the 12 months until May 2016. The business is valued at an enterprise value of 26.3 million USD. Closing of the transaction is expected to occur in the course of the next months, subject to contractually agreed closing conditions.