# 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.

- Type: Acquisition
- Announced: 2017-06-29
- Where: Hong Kong, Shenzhen, Guangzhou, Shanghai, China
- Status: announced
- Products: specialty pigments, resins, additives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Brenntag SA](https://endata.com/companies/21091.md) (acquirer)
- [Wellstar Group](https://endata.com/companies/25260.md) (target)

## Sources

- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/brenntag-acquires-chinese-specialty-chemicals-distributor-wellstar-group/), 2017-06-29: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.