Stavian Chemical, a prominent global chemical distributor headquartered in Vietnam, has announced its acquisition of Core Polymer, a well-established polymer distributor based in Türkiye. This strategic move marks a significant milestone in Stavian Chemical’s ongoing global expansion and reinforces its position as a key player in the plastics and chemical distribution industry.

The acquisition represents a critical step in Stavian Chemical’s growth strategy, aimed at broadening its global footprint and increasing its competitiveness in international markets. Mr. Tony Dinh Duc Thang, Chairman and CEO of Stavian Chemical, shared his enthusiasm about the development, stating, “We are excited to welcome Core Polymer into the Stavian family. This acquisition is perfectly aligned with our vision of becoming a global leader in the polymer sector. Core Polymer’s deep expertise and established presence in the Turkish market will enhance our capabilities and enable us to better meet the needs of customers around the world.”

Core Polymer’s co-founders, Ms. Mehtap Sak and Ms. Aygül Ara, also expressed optimism about the partnership. “Teaming up with Stavian Chemical opens new doors for Core Polymer. With Stavian’s vast network and resources, we can reach a wider audience and bring more innovative solutions to our clients. We are looking forward to a fruitful collaboration that will fuel both growth and innovation in the industry.”

This acquisition creates significant synergies by combining Stavian Chemical’s extensive global distribution capabilities with Core Polymer’s strong market footprint in Türkiye. It positions the combined entity to respond more effectively to the rising demand for polymers across diverse industries, not only in Türkiye but also across Europe and the Middle East.

Moreover, the merger allows Stavian Chemical to broaden its product offerings, particularly in the area of sustainable materials, including recycled and bio-based resins. This aligns with the company’s long-term commitment to promoting environmentally friendly solutions within the chemical and plastics industries.

The global chemical distribution market is projected to reach $449.36 billion by 2031, with a compound annual growth rate (CAGR) of 6.3%. Through strategic acquisitions like that of Core Polymer, Stavian Chemical is well-positioned to take advantage of this market expansion, reinforcing its leadership and pushing forward with innovation and sustainability initiatives.

Overall, this acquisition underscores Stavian Chemical’s commitment to global growth, customer-centric service, and sustainable development, setting the stage for a dynamic and prosperous future in the global polymer and chemical distribution sectors.