It is in line with the ongoing consolidation of the basic chemicals distribution market, with manufacturers increasingly looking to outsource to a select number of multi-territory partners. As part of our approach, we maintain a diversified and asset light business model with an outsourced supply chain. This gives us the flexibility and resilience to respond and adapt to changing circumstances and demands from both the market and society. We continue to pursue selected acquisition opportunities to further expand and enhance our business model in both developed and emerging markets,alongside GDP growth in the different geographies where we operate.
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