A Netherlands-based private equity firm has acquired a majority share of BRB Holding BV, a global producer of lube oil additives and silicones, including products used in the plastics and rubber industries.
Bencis Buyout Fund IV, a fund managed by Bencis Capital Partners, did not reveal the amount of its investment in BRB, which is headquartered in the Netherlands, and has manufacturing facilities in Germany, Singapore and Malaysia.
BRB's silicones business mainly targets applications in the personal and home care markets, plus the construction and coatings sectors. But it also makes products used in the formulation of mold release agents, silane coupling agents used in compounding, and other products used in the plastics, rubber and polyurethane industries.
Ralph Pinckaers, CEO of BRB, said. “Now is the time to move to the next level. We have made strategic investments for both our silicone and lube oil additive businesses, in Malaysia and Singapore respectively. Bencis comes at the perfect moment to help us fuel our further growth. We now can realize manufacturing and product range expansion, extended geographical coverage and new business partnerships, while capitalizing on our identity: ambition, flexibility and innovation.”