GKE Corporation, the integrated warehousing and logistics solutions provider, will be acquiring a 100% stake in Fair Chem Industries for $12.5 million. The target company is an established specialty chemicals warehouse operator with tolling and specialty chemical manufacturing capabilities in Singapore.
This acquisition will help the group further strengthen its specialty chemicals storage and capabilities with a broadened customer base in the chemical sector.
This acquisition comprises premises with a gross floor area of approximately 8,766 sqm and a lease expiry in end April 2038, as well as machinery and equipment, and inventory related to the tolling and specialty chemical manufacturing business. The facility is fully equipped with a complete range of equipment and machinery capable of blending and manufacturing specialty chemicals and products according to customers’ specifications and formulations.