BIESTERFELD
Distributor expands presence in Asia with acquisition of majority stake in Singapore's GME Chemicals
Biesterfeld CEO Thomas Arnold (Photo: Biesterfeld)
German distribution company Biesterfeld (Hamburg; www.biesterfeld.com) said it has established a joint venture by acquiring a majority stake in Singapore-based GME Chemicals (www.chemicals.com), a distributor of speciality chemicals and polymers in Southeast Asia. Biesterfeld is to take over the remaining shares of GME Chemicals in five years, according to the contract. GME Chemicals operates subsidiaries in Malaysia, Indonesia, Vietnam, Thailand and China.

The acquisition continues Biesterfeld’s geographic expansion and growth strategy. Earlier this year, the company extended distribution agreements in EMEA and the CIS region (see Plasteurope.com of 28.01.2021 and 23.01.2021).
26.10.2021 Plasteurope.com [248845-0]
Published on 26.10.2021
Biesterfeld: Ausbau der Präsenz in AsienGerman version of this article...

© 2001-2021 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2021 by Plasteurope.com, Bad Homburg
Date of print: 28.11.2021 15:01:38   (Ref: 460377161)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp