# Brenntag acquires Shanghai Saifu Chemical Development

Brenntag, a German chemicals distributor, acquired Chinese specialty ingredients company Shanghai Saifu Chemical Development for an undisclosed sum. The acquisition aims to boost Brenntag's presence in the Asian personal care market and is expected to close later in 2023.

- Type: Acquisition
- Announced: 2023-06-22
- Where: Shanghai, China
- Status: announced
- Products: specialty ingredients for personal care
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Brenntag SA](https://endata.com/companies/21091.md) (acquirer)
- [Shanghai Saifu Chemical Development](https://endata.com/companies/70995.md) (target)

## Sources

- [cosmeticsbusiness.com](https://cosmeticsbusiness.com/brenntag-acquires-china-s-saifu-specialty-ingredients-company-209652), 2023-06-22: "The acquisition of Saifu is a 'significant step' in Brenntag's ongoing strategic growth plan"
- [rubberworld.com](https://rubberworld.com/brenntag-acquires-shanghai-saifu-chemical-development-co/), 2023-06-28: "We are taking great strides with the execution of our ‘Strategy to Win’ and growing in attractive markets, especially within the Life Sciences sector."

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