Brenntag, a global market leader in chemical distribution, has closed the acquisition of the first 51% of Zhong Yung (International) Chemical Ltd., a chemical distributor focused on the distribution of solvents with an established commercial and logistical infrastructure in the key economic regions in China. Thereby, Brenntag gains market access to China, the world's fastest-growing chemical market. Brenntag acquires over EUR 200 million of sales expected for 2011. Having signed the purchase agreement on June 09, 2011, the transaction has formally been closed within 10 weeks. The acquisition will be executed in two steps. Acquisition of the remaining stake is scheduled for 2016.
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