By: ICN Bureau
Last updated : April 11, 2025 8:50 am
The acquisition will also enhance Stavian Chemical's ability to provide a more diverse product portfolio
Stavian Chemical, a leading global chemical distributor headquartered in Vietnam, announces its acquisition of Core Polymer, a prominent polymer distributor based in Türkiye. This strategic acquisition is a significant milestone in Stavian Chemical's expansion efforts, enhancing its global presence and strengthening its position in the plastics industry.
Tony Dinh Duc Thang, Chairman and CEO of Stavian Chemical, expressed his enthusiasm about the acquisition: "We are thrilled to welcome Core Polymer into the Stavian family. This acquisition aligns with our vision to become a global leader in the polymer industry. Core Polymer's expertise and strong market presence in Türkiye will complement our existing operations and enable us to better serve our customers worldwide."
Mehtap Sak and Aygül Ara, co-founders of Core Polymer, shared their perspective on the acquisition: "Joining forces with Stavian Chemical is an exciting opportunity for Core Polymer. Stavian Chemical's extensive network and resources will allow us to expand our reach and offer innovative solutions to our clients. We look forward to a successful collaboration that will drive growth and innovation in the plastics industry."
The acquisition will also enhance Stavian Chemical's ability to provide a more diverse product portfolio, including environmentally friendly solutions such as recycled and bio-resins.
The global chemical distribution market is projected to reach $449.36 billion by 2031, growing at a CAGR of 6.3%. Stavian Chemical's strategic expansion through acquisitions like this one positions the company to capitalize on this growth, driving innovation and sustainability in the industry.