Petronas Chemicals Group Bhd. is acquiring a 100% share of additive manufacturer BRB from Bencis Capital Partners, an independent investment company based in Amsterdam and Brussels.

Ralph Pinckaers, chief executive officer of BRB, sees this as an exciting opportunity in the further development of BRB to achieve its goals of becoming a global supplier in silicones and lube oil additives.

“The last 38 years have been an incredible journey for BRB, with a very fast growth,” the company said in a statement. “To continue this growth the management team and shareholders have realized that a review of the capital structure was necessary. We wanted to ensure that our services and product solutions will remain available. Both Petronas and BRB share this vision which enables the group to enhance its competitive position in attractive end-markets.”

Petronas Chemicals Group Bhd is the leading integrated chemicals producer in Malaysia and one of the largest in Southeast Asia. Petronas Chemicals Managing Director and Chief Executive Officer Datuk Sazali Hamzah said the acquisition accelerates the realization of its vision to create value by diversifying product portfolio into differentiated and specialty chemicals.

“The acquisition is a strategic entry point for PCG’s specialty chemicals portfolio. The acquisition accelerates the realisation of PCG’s vision to create value by diversifying its product portfolio into differentiated and specialty chemicals.”

Petronas Chemicals operates a number of world-class production sites, which are fully vertically integrated from feedstock to downstream products. With a total combined production capacity of 12.8 milion tonnes per annum (tpa), it is involved primarily in manufacturing, marketing and selling a diversified range of chemical products, including olefins, polymers, fertilisers, methanol and other basic chemicals and derivative products. Listed on Bursa Malaysia and with three decades of experience in the chemicals industry, PCG was established as part of the PETRONAS Group to maximise value from Malaysia’s natural gas resources.

The  completion  of the acquisition BRB is subject to the fulfillment of certain conditions precedent. The acquisition  is PCG’s first foray 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.

Bencis  Buyout Fund  IV, a fund managed by Bencis Capital Partners, acquired a majority share of BRB Holding B.V., in March 2016.

The  BRB Silicones business unit produces specialty silicones like emulsions, antifoams, water repellants, silanes, resins, silicone polyethers, vinyl silicones, amino silicones, dimethiconol blends, cross polymers and many more customized products for the silicone industry. BRB also supplies a very broad range of superiorly priced core and specialty intermediates to the silicone industry.

The BRB Lube Oil Additives & Chemicals (LAC) business unit manufactures a full range of lube oil additive packages and components to formulate finished lubricants. BRB’s main strengths are in the production and R&D of VII (viscosity index improver) solutions, automotive and industrial gear additives as well as off-road and engine oil packages. LAC also offers a wide variety of chemical products, such as coolants, screen wash fluids and environmentally friendly solutions for the petrochemical cleaning industry.

Established in 1981 and headquartered in the south of the Netherlands, BRB has created an effective worldwide supply chain network with offices and warehouses in Germany, Poland, United States, Malaysia, Australia, China, Singapore, Brazil, Turkey, United Arab Emirates and South Africa.

BRB’s manufacturing sites are located in Europe and Asia.