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GPCA: Sipchem Buys Swiss Trading Firm Aectra

3:42 AM MST | December 14, 2011 | Natasha Alperowicz in Dubai

Saudi International Petrochemical Co. (Sipchem, Al Khobar, Saudi Arabia) announced today, on the sidelines of the annual GPCA Forum now taking place in Dubai, that its affiliate Sipchem Marketing and Services Co. (SMSC) has acquired the Swiss petrochemical trading firm Aectra SA (Lutry, Switzerland). The deal represents Sipchem’s first acquisition. The acquisition was concluded by Ahmad Al Ohali, chairman of Sipchem and of SMSC and by René Fresco, CEO of Aectra at the Atlantis Hotel in Dubai. “Aectra SA gives Sipchem immediate access to...

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