Brenntag Getting Remaining Interest In Chinese Distributor Zhong Yung

摘要

Beijins—Brenntag has signed an agreement to purchase the remaining 49% interest in Chinese distributor Zhong Yung Chemical Ltd., for an undisclosed amount. Since acquiring a 51% stake in Zhong Yung in 2011, the Chinese firm has demonstrated a positive development, Brenntag said, noting that Zhong Yung has a significant presence across the mainland of China with modern equipped distribution facilities in Beijing, Tianjin, Shanghai and Guangzhou.