News Article 2023

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March 22 2023, David R Brown

Brenntag expands its industrial chemicals footprint in South-East Asia with the acquisition of the Aik Moh Group

Brenntag (ISIN DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, has announced the acquisition of Aik Moh Group. The group offers a wide range of industrial chemicals, mixing and blending and offers value-added services such as repacking, warehousing, and logistics support with a focus on South-East Asia.

With the addition of Aik Moh Group to Brenntag Essentials, we execute our ‘Strategy to Win’ in the APAC region, strengthening our local and regional distribution network in Asia Pacific

Steven Terwindt
Member of the Management Board of Brenntag Group and COO Brenntag Essentials

The addition of Aik Moh Group to Brenntag Essentials expands its business in key focus markets in Asia-Pacific including Singapore, Malaysia, Indonesia, and the Philippines. Founded in 1980, Aik Moh operates 9 blending and warehousing facilities and mainly distributes solvents, glycols, and blends for CASE, Industrial Cleaning, Construction, Oil & Gas and Water Treatment markets.

“With the addition of Aik Moh Group to Brenntag Essentials, we execute our ‘Strategy to Win’ in the APAC region, strengthening our local and regional distribution network in Asia Pacific, enhancing our last mile delivery capabilities while at the same time expanding our mixing and blending services. We will foster our leading position as a value-added service provider and reliable distribution partner to our existing and new customers”, said Steven Terwindt, Member of the Management Board of Brenntag Group and COO Brenntag Essentials.

Kah Moh Tan, Chairman of Aik Moh Group, added: “We have grown from a company of five employees to a chemical distribution specialist with facilities and a sales organisation in several countries. It is a natural next step for us to join the global market leader in chemical distribution, to which we can add our capabilities and strengths, unlock synergies, and serve our joint customer base even better.”

The acquired business generated sales of approx. EUR 76.6 million in the financial year 2022 (ending March 31). Closing of the transaction is subject to certain contractual conditions and regulatory approvals.

About Brenntag
Brenntag is the global market leader in chemicals and ingredients distribution. The company holds a central role in connecting customers and suppliers of the chemical industry. Headquartered in Essen, Germany, Brenntag has more than 17,500 employees worldwide and operates a network of about 600 sites in 72 countries. In 2022, Brenntag generated sales of around 19.4 billion EUR. The two global divisions, Brenntag Essentials and Brenntag Specialties, provide a full-line portfolio of industrial and specialty chemicals and ingredients as well as tailor-made application, marketing and supply chain solutions, technical and formulation support, comprehensive regulatory know-how, and digital solutions for a wide range of industries.

Source(s): Brenntag Press Release

Further Information

Visit: https://www.brenntag.com