Brenntag has signed a joint venture agreement with Raj Petro Specialties to acquire it. Brenntage will acquire a 65 per cent stake in Raj Petro Specialities as the first step, beginning April 2018. The remaining 35 per cent stake will be acquired by Brenntag over the next five years. The acquisition of Raj Petro Specialities is expected to help Brenntag penetrate the market. With offices in Mumbai and at Chennai, Brenntag offers petro-products that it claims to blends independently. Other than the domestic market, the company exports petro-products to other Asian markts, the Middle East and the African markets. Expressed Steven Holland, CEO, Brenntag Group, “The Indian chemical distribution market is the seventh largest globally for chemicals and the third largest for lubricants. The acquisition of Raj Petro marks a significant gain when one considers the existing product portfolio, and market presence at strategic locations in west and south India, and its infrastructure.”