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Yule Catto to acquire Malaysian aqueous polymer producer Quality Polymer

October 17/2011

(ICIS) -- Yule Catto has acquired Malaysian aqueous polymer producer Quality Polymer for $15.9m on a cash and debt-free basis, the UK specialty chemicals company said on Monday.
This acquisition will allow Yule Catto to expand its southeast Asian production and sales of acrylic and vinylic polymer dispersions for the adhesives, building products and coating sectors, Yule Catto said in a statement on the London Stock Exchange. Following the acquisition, Quality Polymer will be directly owned by the groups subsidiary, Revertex Malaysia, the statement said.

It is expected that the acquisition will be earnings-enhancing in financial year 2012, the statement said without further elaboration. Quality Polymer employs 30 staff at its plant that is located close to Yule Cattos existing unit at Pasir Gudang in Malaysia and has historic annual sales, according to the statement.

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