Halcyon Agri acquires RCMA's polymer unit for up to US$33.8m

Singapore

IN a deal worth up to US$33.8 million, mainboard-listed natural rubber supplier Halcyon Agri has announced an agreement with commodities trader RCMA Group to acquire the assets and entities of the latter's polymer division.

The group said in an exchange filing on Tuesday that the acquisition of the RCMA polymer division provides it with the opportunity to create one of the world's largest distribution hubs for latex and specialty tyre rubber, thus enhancing its market position.