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Silicones company acquired

Petronas Chemicals Group Berhad (PCG) is to acquire 100% of Da Vinci Group BV, holding company of BRB International BV (BRB).

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 chief executive officer Datuk Sazali Hamzah, “It accelerates the realisation of PCG’s vision to create value by diversifying its product portfolio into differentiated and specialty chemicals.”

“BRB provides a compelling access into growing silicones business. The acquisition enables PCG to enhance its competitive position in attractive end-markets such as personal care, construction, paints & coatings, electronics, automotive and healthcare, particularly in the Asia Pacific region.” he added. Ralph Pinckaers, chief executive officer of BRB, said, “This is 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 of the Sales and Purchase Agreement, BRB International BV will
become a wholly-owned subsidiary of PCG.

See more about BRB International BV

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Upcoming Events

in-cosmetics Global

Paris Expo Porte de Versailles
16th – 18th April 2024

NYSCC Suppliers' Day 2024

Javits Center, New York
1st - 2nd May 2024

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
25th - 26th June 2024

in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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