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Home  > Markets & companies  > Raw materials market  > Brenntag signs agreement to acquire TAT Group

Thursday, 24 October 2019
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Markets & companies, Raw materials market

Brenntag signs agreement to acquire TAT Group

Thursday, 24 September 2015

Brenntag has signed an agreement to acquire TAT Group, a Singapore based distributor for industrial chemicals.

The company’s facilities in Singapore cover supply chain requirements and value added services. Source: BirgitH/pixelio.de

The company’s facilities in Singapore cover supply chain requirements and value added services. Source: BirgitH/pixelio.de

The company’s facilities in Singapore cover supply chain requirements and value added services including modern blending, packaging, storage and logistics facilities. Via its subsidiaries in Singapore, South Korea, Vietnam, Hong Kong and Indonesia, TAT offers its local and overseas customers a broad product range of solvents and related products.

Strong market position

Steven Holland, CEO Brenntag Group: "TAT has a strong market position and reputation as well as high coverage in South East Asia, Hong Kong and South Korea. The acquisition is a significant complement and important investment into Brenntag’s geographic and strategic position in Asia Pacific. TAT’s distribution network serves a broad customer base in the coatings, pharmaceutical, plastics, electronics and other industries and will contribute to further enhance Brenntag’s relationships with its Global Key Accounts as well as major suppliers.”

"TAT manages one of the most attractive and well-located distribution sites in Singapore with a large warehouse, modern blending and repackaging facilities, operating under HSE standards that perfectly fit the high principles at Brenntag”, says Henri Nejade, Member of the Management Board of Brenntag Group and responsible for Brenntag’s business in Asia Pacific. In addition, Singapore is the preferred hub location being the second-largest port of the world and offering access to the chemical industrial zone "Jurong Island”.

The business is expected to generate total sales of approximately EUR 145 million in the financial year 2015. Closing of the transaction is expected in Q4 2015, subject to the approval of shareholders of TAT’s holding company and certain other closing conditions.

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