SCG Chemicals Enters as Strategic Investor into Norner
SCG Chemicals Co., Ltd., Thailand, will acquire 51% of the shares in the independent petrochemical institute Norner Holding AS, Stathelle, Norway, from the current Norwegian owners. SCG Chemicals has entered into an agreement with the current owners, the private equity fund E&M and Norner employee shareholders, for this acquisition. The remaining 49% of the shares will be acquired by September 2015.
Through this strategic investment in Norner, SCG Chemicals targets to grow and strengthen Norner further as a global independent innovation partner for the plastics value chain. Norner is currently contributing to innovation, consultancy and testing services to a wide variety of clients needing plastics expertise from consumables, packaging, oil & gas and infrastructure to petrochemical raw material production and product enhancement. “Norner is a market leader in polymer and plastics innovation and will be an important part of the jigsaw to SCG Chemicals in many areas of product innovation” says Cholanat Yanaranop, President of SCG Chemicals.
“Energi & Miljøkapital is very satisfied to have SCG as new owners to support further growth in Norner Group. This is a good transaction for employees, Norner Group and investors in Norner Group” says Leif Svarstad, CEO Maturo Kapital AS and Chairman in Norner Holding.”
Norner AS Independent Industrial Polymer Institute
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.