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Brenntag acquires majority stake in Wellstar Group · Endata

◂ Announcements

Jun 29, 2017ACQUISITIONHong Kong, Shenzhen, Guangzhou, Shanghai, China

Brenntag acquires majority stake in Wellstar Group

Brenntag signed an agreement to acquire 100% of Wellstar Group, a specialty chemical distributor in China, in two steps: a 51% stake in 2017 and the remaining 49% by 2021.

Status

Announced

Productsspecialty pigments, resins, additives

CompaniesBrenntag SA acquirer Wellstar Group target

Sectors#Specialty Chemicals

“Brenntag will gain a majority stake of 51 percent with a first tranche in 2017 and the remaining 49 percent via the second tranche by 2021.”coatingsworld.com

1 source
coatingsworld.comBrenntag Acquires Chinese Specialty Chemicals Distributor Wellstar Group - Coatings WorldBy: KERRY PIANOFORTE EditorJun 29, 2017

Summarized from public sources; check the original articles before acting on it.

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