On Mar 3th, Mekong Enterprise Fund II Ltd (MEF II) has invested about US$3.4 million in Asia Chemical Corporation (ACC), a leading specialty chemicals distribution company in Vietnam. This is the 10th and final investment of MEF II since its launch in June 2006.
Mr. Nguyen Thien Truc, CEO and Founder of ACC said: “Demand in Vietnam for ingredients and specialty chemicals is rising rapidly on the back of explosive consumption growth. In order for us to reach the next level of expansion, we were looking for a long-term investor with a true understanding of and commitment to ACC’s vision. We chose MEF II as our strategic partner to jointly realize that vision of becoming the top specialty chemicals distributor in Vietnam. I believe, we will together make it happen.”
Dr. Thomas Lanyi, Director of Mekong Capital commented: “ACC has grown rapidly since its establishment. Led by Mr. Nguyen Thien Truc, the Company has built an excellent management team, with a core expertise of identifying new profitable growth opportunities in the market and successfully capturing those opportunities ahead of competition. We are excited to partner with ACC to fulfill on their vision.”
Asia Chemical Corporation is a distributor of high-quality specialty ingredients, chemicals, commodities and other materials in Vietnam. ACC specializes in providing products and services to various industries including food & beverage, dairy, seafood, instant noodle, pharmaceutical, feed, veterinary, bakery, confectionery, and other applications including personal care, cosmetics, paint and coatings, etc. The Company is currently sourcing products from some 300 suppliers worldwide, storing them in its own facilities, and selling them nationwide to some 1,300 customers including some of the leading enterprises in Vietnam.
In addition, since 2010, ACC has begun to manufacture select specialty chemical products such as non-dairy creamer and silica gel for export such as coffee, wooden products.....
H.L
Vietnamese
