Global chemical distributor Brenntag announced on 27 October that it is acquiring the distribution business of Singapore’s EPChem Group, a company which supplies special performance chemicals in the Asia Pacific region dedicated to wax and its related products.
EPChem distributes a range of synthetic and vegetable waxes, including palm and soya waxes.
“Waxes have a broad range of applications in several industries such as personal care, coatings, adhesives and roofing and paving,” said Anthony Gerace, managing director of mergers & acquisitions at Brenntag Group. “These are attractive industries with high growth potential, especially for innovative products.”
The acquisition – which includes EPChem’s distribution businesses in Indonesia and China – would expand Brenntag’s speciality chemicals footprint in the Asia Pacific region, one of its strategic growth objectives, said Henri Nejade, CEO of Brenntag Asia Pacific.
“In addition, the company has an outstanding track record and long-standing partnership with major global wax producers.”
EPChem generated total sales of about US$54.6M in the 12 months to May 2016. Brenntag generated sales of US$11.5bn in 2015. The German-based chemical distributor offers a portfolio of over 10,000 products with focus industries including animal nutrition; cleaning; coatings and construction; cosmetics; food and nutrition; lubricants; oil and gas; pharma; polymers; and water treatment.