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Chemical distributor Brenntag, has signed a purchase agreement to acquire 100% of Zhong Yung (International) Chemical Ltd. Brenntag will hold a majority stake of 51% and will acquire the remaining stake in 2016.
Entering into a joint venture for five years gives Brenntag the opportunity to use the experience and know-how of Zhong Yung and its management team to establish a solid business platform for Brenntag in China.
Zhong Yung has about 2000 customers, more than 100 suppliers and an infrastructure including laboratories, blending and storage capabilities.
