Brenntag Expands Saudi Presence with Al-Azzaz Venture
Leading chemicals and ingredients distributor Brenntag is partnering Al-Azzaz Chemicals, a Saudi Arabian specialty chemicals distributor, in a 75:25 joint venture. Brenntag’s alliance in Saudi is represented through Trychem FZCO, its majority-owned joint venture based in the United Arab Emirates.
The link-up is expected to be completed by August 2022.
Al-Azzaz Chemicals’ key markets are in food and pharmaceuticals, plastics and material science additives, and petrochemicals. The company, which generated sales of €25 million in its 2021 financial year, has three offices, located in Al-Khobar, Riyadh and Jeddah.
“Saudi Arabia is by far the largest market in the Middle East and a key market for Brenntag with a very attractive specialties chemical distribution market size and favorable geographic position in the region. This joint venture will further strengthen our position in the entire Middle East region,” said Henri Nejade, member of the management board of Brenntag Group and chief operating officer of Brenntag Specialties.
Author: Elaine Burridge, Freelance Journalist
