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Chinese polymer additives maker GCH Technology announced it will buy French chemicals firm Palmarole Trading for USD 9 million, with an additional USD 15 million investment post-closing. The acquisition aims to integrate Palmarole's sales network in Europe and the Middle East.
“GCH's board has approved the acquisition of Palmarole, as well as the injection of additional USD15 million into the target company once the deal is completed to support its business development.”yicaiglobal.com
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