AECI sells Crest Chemicals stake to joint venture partner for R390m
Chemicals giant and Brenntag have been in talks to end the partnership since 2014
Chemicals group AECI has sold its 50% shareholding in chemicals distributor Crest Chemicals to joint venture partner and global chemical distribution firm Brenntag for R390m, the company said on Monday.
Crest, a distributor and reseller of chemicals to a broad range of industries including industrial, paint and coatings, food, mining and water, has been a joint venture between the two companies since 2001. ..