Biesterfeld Group has established a joint venture by acquiring a majority stake in GME Chemicals, a specialty chemicals and polymers distributor.
The Biesterfeld Group has recently acquired a majority stake in Singapore-based GME Chemicals to expand its presence in Asia. According to the contract, the complete takeover of the remaining shares will be completed in 2026. GME Chemicals has 60 employees and is also represented in Malaysia, Indonesia, Vietnam, Thailand and China by operating subsidiaries.
GME Chemicals is an important supplier of specialty chemicals and polymers in South-East Asia for performance and industrial chemicals, food, pharmaceuticals, elastomers and specialty polymers industries. So, Biesterfeld will continue its geographic expansion and growth strategy by laying the foundation for a targeted and long-term expansion of its market position in one of the world's fastest-growing regions.
“Asia is a significant growth market and of strategic importance to us. Here, too, we want to significantly increase our market presence together with our suppliers. As a family-owned company, reliability, a long-term commitment, and the joint cooperation of all employees are particularly important to us. The GME portfolio is an excellent addition to the Biesterfeld Group and we are gaining highly qualified employees. I look forward to the cooperation and a successful future together,” stated Dirk Biesterfeld, Chairman of the Supervisory Board at Biesterfeld AG.
“Biesterfeld's core business is technically complex and consulting-intensive products and services. Here we have developed into a leading global distributor and reliable partner. We have been growing very successfully with our principals for years and are expanding into new markets together. We are continuing on this course with our entry into GME Chemicals. We are strengthening and expanding our competencies and, together with our new colleagues, we will drive forward our strategy of continuous expansion in Asia and jointly develop further markets and segments for Biesterfeld,” added the CEO of Biesterfeld AG, Thomas Arnold.
“In Biesterfeld, we have not only found a majority shareholder and, in the future, a new owner, but a true partner. We share the same business view and the same values. As shareholders, we will therefore remain in the company with our management team and our employees. I am sure that with our know-how, we can jointly and significantly expand the solution portfolio for customers in Asia and accelerate the growth of our suppliers in our markets. I look forward to our continued journey as part of the Biesterfeld Group,” concluded Philip Chew, the Managing Director and shareholder of GME Chemicals.