KPMG in Malaysia is pleased to announce that its Corporate Finance team acted as the exclusive financial advisor to the shareholders of Farben Technique (M) Sdn Bhd (“Farben”) on the sale of the business to WWRC Holdings Pte Ltd (“WWRC”).
Established in 1993, Farben is a leading pigment preparation provider in Malaysia, recognized for its R&D capabilities, proprietary technologies, and long-standing customer relationships across industrial segments including latex and rubber products, paint & coating, paper, and wood. Farben has developed a portfolio of more than 400 specialty aqueous pigment preparations and has served customers in Malaysia, Thailand, Sri Lanka, and other global markets. The company was awarded “Pioneer Status” by Malaysia’s Ministry of International Trade and Industry for its contributions to aqueous pigment dispersion technology.
Founded in 1980, WWRC is a leading regional specialty chemicals distributor serving diverse industries across industrials and life sciences. Operating in 10 countries with a network of warehouses, laboratories, and technical teams, WWRC provides solutions across sourcing, logistics, distribution, and R&D. Backed by Tower Capital Asia, WWRC is recognized for delivering best-in-class service to suppliers and customers across the region.
Through this strategic acquisition, WWRC will integrate Farben’s R&D and manufacturing capabilities into its platform, expanding its suite of proprietary solutions and supporting its vision to become a one-stop chemical solutions provider. This transaction also reflects the growing dynamism of Malaysia’s specialty chemicals market and the increasing importance of cross-border collaboration in the region.
KPMG in Malaysia’s Corporate Finance team provided advisory support throughout the transaction, helping the shareholders achieve a favorable outcome and demonstrating the team’s expertise in M&A deals.
KPMG in Malaysia’s team members involved in the transaction:
- Tham Kin-Son, Partner
- Trudy Chee, Assistant Manager
- Tung Meng Kit, Senior Associate
KPMG in Malaysia, in collaboration with KPMG in Japan, acted as the exclusive financial advisor to Toyo Seikan Group Holdings, Ltd. (“Toyo Seikan”) on its acquisition of Premier Centre Group Sdn. Bhd. (“PCG”) from Advantage Partners Asia Fund, L.P. and affiliated entities for USD 75 million.
Together with our Japan team, the Corporate Finance team provided value-focused advisory support throughout the transaction, assisting Toyo Seikan in achieving a successful outcome. This engagement highlights KPMG’s cross-border M&A expertise and its ability to guide clients through strategic transactions in the Asia Pacific market.
Through PC Manufacturing Solutions Holdings Sdn. Bhd. (“PCMS”), AP Funds sold 100% of the equity in PCG to Toyo Seikan. The transaction was completed in August 2024 and publicly announced via Toyo Seikan’s TSE filing.
Founded in 1972, PCG has grown from a rigid plastic packaging company into a leading OEM (Original Equipment Manufacturer) and ODM (Original Design Manufacturer) provider of home care and personal care products in Malaysia, supplying both domestic and regional markets. Since AP Funds acquired a majority stake in 2018, PCG has upgraded its facilities, expanded capacity, improved efficiency, and developed its ODM business, enabling it to serve a growing customer base across Southeast Asia.
Toyo Seikan, established in 1917 and listed on the Tokyo Stock Exchange (TSE:5901), is one of Japan’s largest comprehensive packaging solution providers. The acquisition of PCG aligns with Toyo Seikan’s strategic plan to expand its filling and packaging capabilities in Southeast Asia, strengthening its presence and product offerings in the region.
KPMG in Malaysia’s team members involved in this engagement:
- Tham Kin-Son, Partner
- Chan Jia Jin, Manager
- Hew Hui Si, Assistant Manager