Brenntag acquires Wellstar Group
Brenntag has completed the acquisition of pigment and additives specialist Wellstar Group by acquiring the remaining 49% stake in the joint venture.
The Wellstar Group is headquartered in Hongkong and operates three subsidiaries in Mainland China located in Shenzhen, Guangzhou, and Shanghai.
First tranche in August 2017
Since Brenntag acquired a majority stake of 51% with a first tranche in August 2017, the business was operated as a joint venture servicing a broad range of industries. With the closing of the second tranche, the Wellstar Group is 100% owned by Brenntag.
