PETALING JAYA: Enra Group Bhd’s wholly owned unit Enra Kimia Sdn Bhd has integrated its recently acquired International Chemicals Engineering Pty Ltd (ICE) with the group’s gas odorant business division.
Enra said in a statement that Enra Kimia acquired 100% of ICE as part of its regional expansion in the specialty chemicals sector. This acquisition was completed on July 24, 2018 for A$2.9mil.
ICE presently controls almost 100% of the Australian and New Zealand gas odorant market.
Enra president and group chief executive Datuk Mazlin Junid said: “We are currently the market leader for gas odorants in Malaysia and Brunei.
“It is only natural that we expand our growth regionally and Australia presents a good opportunity for Enra Kimia to springboard into a matured market with its excellent service records and wide base of products backed by international principals.
“We will continue to enhance our growth strategy by evaluating potential acquisition targets in the region,” he said.