Tex Cycle acquires 60% in SEL

From left: Tex Cycle group chief financial officer Geraldine Hii, Safety & Environmental Laboratory Sdn Bhd managing director Kaliswaran Palanisamy, Tex Cycle group chief executive officer Gary Dass and Tex Cycle executive director Lee Hai Peng.

PETALING JAYA: Tex Cycle Technology (M) Bhd is acquiring a 60% equity stake in environment, health and safety services firm Safety and Environmental Laboratory Sdn Bhd (SEL) for RM8.4mil.

In a statement, the waste management and recycling solutions provider said the acquisition underscored its commitment to expanding its service offerings in environmental, health and safety compliance while reinforcing its leadership position in sustainable waste management.