Leading global specialty chemicals innovator Perstorp, a wholly-owned subsidiary of Malaysia’s PETRONAS Chemicals Group Berhad (PCG), announced Perstorp Holding AB has acquired 100 percent of the shares of OQ Chemicals Nederland B.V. from OQ Chemicals GmbH. The deal provides Sweden-based Perstorp with full ownership and control over all of the Dutch company’s production assets, related technology and employees.

“With this acquisition of OQ Chemicals Nederland B.V., we are further enabling our growth strategy and focus on the Specialty Chemicals sector as well as sustainable solutions”, says Ib Jensen, President and CEO of Perstorp.