Eurochem (Quaron) Terminates Penta Group Shareholding

Eurochem Holding and Penta Chemikalien have announced that Eurochem have terminated their shareholding in the Penta Group, by mutual agreement, as of the beginning of the year. Eurochem is the holding company for chemical distribution companies trading under the "Quaron" brand in the Netherlands, Belgium and France. This change was a result of Quaron having an increasingly different focus on the purchase of key-products in relation to other members of the Penta Group. In the future, the Penta Group intends to have a more focused product strategy working more closely with its shareholders and key suppliers/manufacturers. The separation of the companies was by mutual agreement though Eurochem will remain a close co-operation partner of Penta in areas such as purchases of non-key products, environmental protection, new products, legal matters and single sourcing projects.