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NATRIUM advises on sale of DGR to Musim Mas

27 Jun 2016

Natrium Capital News

Natrium Capital Limited is pleased to announce it has advised Dutch Glycerin Refinery B.V. (“DGR”) on its sale to Musim Mas.

Musim Mas Europe Pte. Ltd., a wholly-owned subsidiary of the Musim Mas Group, today announced that it has reached an agreement to DGR, a producer of refined and high quality Glycerine based in the Netherlands.

Europe accounts for approximately 41% of the world’s crude Glycerine supply and also consumes 28% of the world’s refined Glycerine. As such, DGR is well positioned at the centre of global Glycerine trade route. The applications of refined Glycerine and high quality Glycerine are wide, including for use in paint, cosmetics, pharmaceuticals, industrials, home and personal care products.

“The acquisition is in line with the Musim Mas Group’s investment strategy of integration and synergy. It is an opportunity for us to further value add our downstream businesses to better serve our customers. Musim Mas has been doing business with Netherlands for the past three decades and this acquisition strengthens our long term partnership with the various stakeholder there,” said Mr Bachtiar Karim, Executive Chairman of the Musim Mas Group.

Natrium Capital Limited acted as sole financial advisor to DGR in connection with this transaction.

About DGR

DGR has over 200,000 mt Refining capacity, and it is by far the largest crude Glycerine Refining unit on a single location in the world. The plant site is located within the Delfzijl Chemical Park and has easy logistical access to major European end markets via road, rail, barge and sea.

About Musim Mas Group

Musim Mas Group is one of the largest integrated global vegetable oil corporation, headquartered in Singapore. With origins in Indonesia, the Group today has local business operations in 13 countries across Asia, Europe and North and South America with a total workforce of over 28,500 employees. Its products are sold to more than 80 countries globally. The Group’s operations spans the entire supply value chain; from upstream, to mid- and downstream operations such as oleochemicals and other functional products. Its 2 businesses span the Food, Industrial, and Energy sectors. Musim Mas also owns and operates strategically located logistics assets which include a fleet of road transport vehicles and ocean-going vessels.

About Natrium Capital

Natrium Capital is a corporate finance boutique specialising in the chemical, material, biotechnology and clean technology industries. Natrium Capital offers high level strategic and M&A (Mergers and Acquisitions) execution advice and has a wealth of experience in investment banking and corporate finance. Natrium Capital advises clients in Europe, North America, Latin America and Asia, especially India. Natrium Capital was set up by Alasdair Nisbet in 2012.

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