30/07/2021 | Ingredients

Brenntag strengthens Specialties business in Asia Pacific

Brenntag has made further steps in strengthening its business in China with the closing of two acquisitions within its Specialties division. The German ingredients distribution specialist most recently acquired the first tranche (67 %) of Zhongbai Xingye. The closing of the second tranche – and thus the full acquisition of the Chinese food ingredients specialist – is expected to be completed by the end of 2024. The acquisition of the leading player in mainland China is an important step for Brenntag to become a full-line distributor of food ingredients in the Asian market.

Additionally, at the end of last month, Brenntag completed the acquisition of pigments and additives specialist Wellstar Group from Hongkong, which operates three subsidiaries in Mainland China located in Shenzhen, Guangzhou and Shanghai. It acquired the remaining 49 % of shares of the joint venture. “Strengthening our Specialties division, particularly in China, as well as in the Asia Pacific region in general, is a central pillar of our company’s mergers and acquisitions strategy,” says Henri Nejade, management board member of Brenntag and COO of Brenntag Specialties.