07.01.19
NETHERLANDS: Petronas Chemicals Group Berhad (PCG) has entered into an agreement to acquire 100% of Da Vinci Group BV, holding company of BRB International BV (BRB). BRB supplies to a broad range of ingredients customers in many different markets, including cosmetics, graphics and automotive. Established in 1981, headquartered in the south of the Netherlands, BRB International BV has offices and warehouses in the UK, Poland, South Africa, US, Canada, Malaysia, Australia, China and Singapore and manufacturing sites are located in North America, Europe and Asia.
The acquisition is PCG’s first step into specialty chemicals via inorganic growth. PCG has recently announced its next chapter of growth focusing on future strategic positioning venturing into derivatives and specialty chemicals.
“The acquisition is a strategic entry point for PCG’s specialties chemicals portfolio,” said PCG managing director and CEO Datuk Sazali Hamzah. “It accelerates the realization of PCG’s vision to create value by diversifying its product portfolio into differentiated and specialty chemicals.
“BRB provides a compelling access into the growing silicones business. The acquisition enables PCG to enhance its competitive position in attractive end-markets such as personal care, construction, paints and coatings, electronics, automotive and healthcare, particularly in the Asia Pacific region,” he added.
Ralph Pinckaers, CEO of BRB, said the deal represented “an exciting opportunity in the further development of BRB to achieve its goals of becoming a global supplier in silicones. We wanted to ensure that our services and product solutions will remain available.”
Upon completion, BRB International BV will become a wholly-owned subsidiary of PCG.
The acquisition is PCG’s first step into specialty chemicals via inorganic growth. PCG has recently announced its next chapter of growth focusing on future strategic positioning venturing into derivatives and specialty chemicals.
“The acquisition is a strategic entry point for PCG’s specialties chemicals portfolio,” said PCG managing director and CEO Datuk Sazali Hamzah. “It accelerates the realization of PCG’s vision to create value by diversifying its product portfolio into differentiated and specialty chemicals.
“BRB provides a compelling access into the growing silicones business. The acquisition enables PCG to enhance its competitive position in attractive end-markets such as personal care, construction, paints and coatings, electronics, automotive and healthcare, particularly in the Asia Pacific region,” he added.
Ralph Pinckaers, CEO of BRB, said the deal represented “an exciting opportunity in the further development of BRB to achieve its goals of becoming a global supplier in silicones. We wanted to ensure that our services and product solutions will remain available.”
Upon completion, BRB International BV will become a wholly-owned subsidiary of PCG.