Biesterfeld Group acquires GME Chemicals and expands its presence in Asia

The Biesterfeld Group, Hamburg, has established a joint venture by acquiring a majority stake in Singapore-based GME Chemicals. The closing was now completed. A complete takeover of the remaining shares will take place in five years, according to the contract. By acquiring a stake in GME Chemicals, one of the leading distributors of specialty chemicals and polymers in South-East Asia, Biesterfeld is continuing its geographic expansion and growth strategy and laying the foundation for a targeted and long-term expansion of its market position in one of the world's fastest-growing regions in its core business.

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