Brenntag has signed an agreement to acquire TAT Group, a Singapore based distributor for industrial chemicals. The company’s facilities in Singapore cover supply chain requirements and value added services including modern blending, packaging, storage and logistics facilities. Via its subsidiaries in Singapore, South Korea, Vietnam, Hong Kong and Indonesia, TAT offers its local and overseas customers a broad product range of solvents and related products.
The business is expected to generate total sales of approximately €145 million in the financial year 2015. Closing of the transaction is expected in Q4 2015, subject to the approval of shareholders of TAT’s holding company and certain other closing conditions.