ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Specialty Chemicals

Petronas buys the specialty chemical maker Da Vinci Group

by Alexander H. Tullo
May 25, 2019 | APPEARED IN VOLUME 97, ISSUE 21

 

In an effort to diversify into specialty chemicals, Malaysia’s Petronas Chemicals has agreed to purchase the Dutch firm Da Vinci Group for $163 million from the private equity firm Bencis Capital Partners and other shareholders. Da Vinci operates as BRB, which makes silicones, lube-oil additives, and other chemicals. It has annual sales of about $250 million. Petronas says this is its first acquisition in specialty chemicals, though it has made organic investments such as the citral and citronellol plants it opened in Kuantan, Malaysia, in 2016, with partner BASF.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment