PetChem finds good fit in Sweden’s Perstorp

PCG managing director/chief executive officer Mohd Yusri Mohamed Yusof

THE journey of Petronas Chemicals Group Bhd (PetChem) to expand into the higher-margin business of specialty chemicals is making headway.

This week, the petrochemical giant announced its biggest acquisition thus far of €1.54bil (RM7.15bil) to buy Swedish specialty chemicals maker Perstorp Holding AB from European private equity firm PAI Partners.