Brenntag Announces Complete Acquisition of Crest Chemicals

| August 14, 2019

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Chemical distribution Brenntag announced the acquisition of the remaining 50 percent of the shares in Crest Chemicals, South Africa, from the AECI Limited Group of companies. Crest has been a 50/50 joint venture between Brenntag and AECI since 2001. "The full ownership of Crest allows Brenntag to develop the business in the desired direction and to fully leverage its growth potential," said Karsten Beckmann, member of the Board of Management of Brenntag Group and CEO Brenntag Europe, Middle East and Africa. "Combining Crest with Brenntag South Africa will support us in providing a rather complete product and industry sector offering.” Crest, based in Midrand/Johannesburg, is a distributor and reseller of chemicals to a broad range of South African industries including industrial, paint and Coatings, food, as well as mining and water.

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King Plastic Corporation

King Plastic Corporation began as a small, family enterprise. Founded in 1968, King Plastic Corporation is a leading manufacturer of quality polymer sheets, slabs and massive shapes—including several products pioneered by the company. Its polymers are sold worldwide through a network of top plastics distributors to customers who fabricate products for the marine industry (King StarBoard® brand), signage, food service, healthcare, architectural, industrial and other markets. The company headquarters is a 250,000 square-foot manufacturing facility in North Port, Florida.

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