BRenntag Acquires 51% stake in Trychem; Financials Undisclosed
Brenntag AG, a German chemical distribution company, has acquired a 51% stake in Trychem FZC, a distributor of solvents serving the paint, ink and coatings companies based in the UAE. Following the transaction, Brenntag will hold 51% while Tri Star Transport LLC/JRA Holding 49% stake. Trychem distributes solvents mainly in the UAE, Saudi Arabia, Bahrain, Oman, Egypt and East Africa.