Thailand’s SCG Chemicals buying Norwegian chemical firm Norner

Thailand’s SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS from the current Norwegian owners, private equity fund E&M. norner

The company states that the remaining 49 percent of the shares will be acquired by September 2015. The price of the acquisition was not disclosed.

“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,” said Cholanat Yanaranop, president of SCG Chemicals.

Source: SCG

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