Halcyon Agri to acquire 2 firms for S$105.3m, adding 4 factories
With the latest acquisition, the group has added a total of 192,000 tonnes to its annual processing capabilities
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Singapore
NATURAL rubber supply chain manager Halcyon Agri Corporation Limited has signed a conditional sale and purchase agreement to acquire PT Sumber Djantin and PT Sumber Alam for S$105.3 million.
Upon completion, the acquisition will add four Standard Indonesian Rubber (SIR) factories, located in Pontianak, with a combined licenced annual capacity of 132,000 tonnes to Halcyon Agri's operations.
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