SAN FRANCISCO, CALIF. — Aug. 5, 2008 — Wilbur-Ellis Co. today announced that its international specialty industrial and food ingredients division, Connell Bros. Company, Ltd., has taken full control of its Taiwan operations by repurchasing the shares owned by its minority partner, Tong Hsing Enterprise Co., Ltd.
“We’re committed to growing our business in Taiwan, and this transaction enables us to increase our investment in the region,” said Ted Eliot, president, Connell Bros. ”Taiwan is a key market for Connell Bros.”
Connell Bros. and Tong Hsing have long been partners in Taiwan. Beginning in 1962, Tong Hsing served as a Connell Bros. office, representing the company throughout Taiwan. In 1992, the two companies launched the joint venture that became CBC Taiwan.
CBC Taiwan is a leading distributor of specialty industrial and food ingredients in Taiwan, representing world-class principals in the Taiwan market. CBC Taiwan – backed by Wilbur-Ellis Co.’s unique knowledge of the Asian market and a broad distribution and marketing network throughout the Pacific Rim – is also involved in sourcing chemicals from Taiwan for customers around the world, and provides warehousing in the Taipei area.
Tong Hsing is a family-owned, local company that has divisions specializing in electronics assembly and consumer product imports. The company has chosen to focus on these aspects of its business, while Connell Bros. is fully focused on the distribution of specialty industrial ingredients throughout Asia.
Founded in 1921 and with total sales exceeding $2.3 billion, Wilbur-Ellis Company specializes in the marketing, distribution and formulation of crop protection products, fertilizers and animal feed. Through its Connell Bros. Company and Animal Feed divisions, Wilbur-Ellis exports industrial chemicals, minerals and certain animal feeds throughout the Pacific Rim for numerous major U.S. companies.
About Connell Bros. Company
Connell Bros. Company, based in San Francisco, is a division of Wilbur-Ellis Company and is among the largest international marketers and distributors of specialty chemicals and ingredients in the Pacific Rim. With over 100 years in Asia and a keen focus on customer support and quality control, CBC provides complete supply chain management from transportation, documentation, warehousing, and sales and distribution through its 34 offices located throughout Asia. For more information, please visit www.connellbrothers.com.
For more information, please visit www.wilburellis.com