Brenntag acquires Aik Moh Group
Brenntag is about to acquire the Aik Moh Group and to significantly expand its industrial chemicals and value-added service footprint in South-East Asia.
Founded in 1980, Aik Moh Group is headquartered in Singapore and operates nine blending and warehousing facilities in four countries. The company distributes mainly solvents, glycols, and blends to customers throughout South-East Asia. These products are used in various industries such as Coatings, Water Treatment, Industrial Cleaning, Construction, Oil & Gas, Inks and Polymers.
Key focus markets in Asia Pacific
With this acquisition, Brenntag Essentials expands its business into key focus markets in Asia Pacific, including Singapore, Malaysia, Indonesia, and the Philippines. According to Brenntag, this is an additional step in Brenntag’s ongoing transformation process, driving its stringent execution of the “Brenntag Essentials strategy” to strengthen local capabilities and market coverage in high growth markets like Asia-Pacific. Closing of the transaction is subject to certain contractual conditions and regulatory approvals.
Event Tip: Pacific Coatings Show 2023
18 – 20 OCT 2023 | Jakarta | Indonesia
Suppliers and manufacturers drive the dynamic growth of the Asian Pacific coatings industry, and Indonesia stands out in South East Asia. Not only does it boast a market volume of almost 2.5 bn USD, it also functions as the central hub for the entire region. The new Pacific Coatings Show will bring together the whole supply chain, provide ample opportunity to network, make and nurture business contacts and benefit from exclusive coatings technology information updates.
