Local SME Tee Hai Chem sells 51% stake to German MNC, teams up to go global

Singapore

SPECIALITY chemicals distributor Tee Hai Chem on Thursday sold a 51 per cent stake to German chemical distribution giant Brenntag for a sum estimated to be S$200-300 million.

Following the transaction, the family behind Tee Hai Chem, which include executive director Han Koon Juan and his three siblings, will become minority shareholders.

Headquartered in Singapore and with a heritage of over 53 years, Tee Hai Chem specialises in the procurement, sales and distribution of materials and chemicals, and the provision of ser…