# Biesterfeld Group acquires majority stake in GME Chemicals

Biesterfeld Group acquired a majority stake in Singapore-based GME Chemicals, a distributor of specialty chemicals and polymers in Southeast Asia, with a complete takeover planned in five years.

- Type: Acquisition
- Announced: 2021-10-20
- Where: Singapore, Singapore
- Status: completed
- Products: specialty chemicals, polymers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Biesterfeld](https://endata.com/companies/46158.md) (acquirer)
- [GME Chemicals](https://endata.com/companies/58565.md) (target)

## Sources

- [gme-chemicals.com](https://www.gme-chemicals.com/biesterfeld-group-acquires-gme-chemicals-and-expands-its-presence-in-asia/), 2021-10-20: "The Biesterfeld Group, Hamburg, has established a joint venture by acquiring a majority stake in Singapore-based GME Chemicals."
- [majunke.com](https://majunke.com/ey-law-beraet-die-biesterfeld-gruppe-bei-der-uebernahme-der-suedostasiatischen-gme-chemicals-gruppe), 2021-10-20: "Durch den Erwerb einer Beteiligung an GME Chemicals setzt Biesterfeld ihre geographische Expansions- und Wachstumsstrategie fort"

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