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; said it has established a joint venture by acquiring a majority stake in Singapore-based GME Chemicals (, 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 of 28.01.2021 and 23.01.2021).
26.10.2021 [248845-0]
Published on 26.10.2021
Biesterfeld: Ausbau der Präsenz in AsienGerman version of this article...

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