3rd Oleochemicals Outlook,

26-27 Aug, 2015 - Bali, INDONESIA

The Westin Resort Nusa Dua, Bali

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News Feed

Kuala Lumpur Kepong Bhd (KLK) to buy Emery Oleochemical’s assets in Germany

Posted on : 16 Jun, 2015

 

Kuala Lumpur Kepong Bhd (KLK) has announced that it will buy Emery Oleochemical GmbH's assets in Germany. The all-cash deal is worth €40.5 million (RM162 million).

 

Emery Oleochemicals is a subsidiary of Sime Darby Bhd.

 

KLK has confirmed that they have signed a conditional asset purchase agreement to buy Emery's plant, tangible assets and inventories, while the transaction is scheduled for completion by the third quarter of this year.

 

The new acquisition is expected to enable KLK to diversify into the tallow-based market - tallow is a substance derived from animal fat. Besides, it is also anticipated that KLK will further strengthen its existing fatty acid and glycerin business with Emery's acquisition.

 

Emery Oleochemicals (M) Sdn Bhd owns 100% of Emery Oleochemical GmbH via Emery Oleochemicals UK Ltd. Emery Oleochemicals UK is equally owned by Sime Darby Plantation Sdn Bhd and PTT Chemical International Private Ltd.

 

Ramesh Kana, Group Chief Executive Officer of Emery Oleochemicals will deliver the Keynote Address on 'Moving into Specialties to Drive Margins' at 3rd Oleochemicals Outlook on 26-27 August, 2015 in Bali.

 

Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147.

 

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