HEXTAR Global Bhd has ramped up its merger and acquisition (M&A) activities to diversify into the specialty chemicals sector. The group is among the largest agrochemical producers in Malaysia.
In July this year, the group acquired the Chempro Group for RM138mil.
The deal for Chempro, which provides niche specialty chemicals products for cleaning, hygiene and food as well as rubber glove industries in South-East Asia, came with a profit guarantee of RM39mil over three years which translates to a profit after tax (PAT) of RM13mil a year until financial year ending Dec 31, 2023 (FY23).
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