Investment company buys majority stake in silicones player BRB
The Bencis Buyout Fund IV, which is managed by Bencis Capital Partners, has acquired the stake in BRB Holding’s global production of silicones, lube oil additives and chemicals.
The aim of the acquisition is to tap into the additional investment resources of Bencis Captial in an effort to expand the global footing and industry reach of BRB.
Expansion into Southeast Asia
In recent years the company has been investing in production facilities in Southeast Asia, in turn expanding its footing in the market for silicones used in a wide variety of cosmetic and personal care formulations.
The investment will also serve to expand the company’s business supplying other industries with silicones, including home care, construction and coatings.
The other branch of the company’s business is lube oil additives and chemicals (LAC) business , which is focused on the automotive and industrial gear categories.
A lot of achievement in just 35 years
“Within 35 years, BRB has evolved into a global player” said Ralph Pinckaers, Chief Executive Officer of BRB. “Now is the time to move to the next level. We have made strategic investments for both our Silicone and Lube oil Additive businesses, in Malaysia and Singapore respectively.”
Pinckaers went on to add that although the company is very open to teaming up with entrepreneurs and other management teams, the company management remains firmly in place and will retain full control of the business, moving forward.
“Bencis comes at the perfect moment to help us fuel our further growth,” he added. “We now can realize manufacturing and product range expansion, extended geographical coverage and new business partnerships, while capitalizing on our identity.”
