Saudi International Petrochemical Company (Sipchem) said that its affiliate, SMSC has acquired Aectra SA, a Swiss petrochemical trading and marketing company.
Ahmad Al-Ohali, chairman of Sipchem and SMSC stressed that the acquisition of Aectra was an important milestone for Sipchem, “Aectra SA gives Sipchem immediate access to experienced and proven marketing, logistics and trading expertise in the key European market. Sipchem’s manufacturing excellence and high quality products are perfectly matched by Aectra SA’s marketing, logistics and trading expertise. Together Sipchem and Aectra will deliver real value to all of their customers and thereby provide all members of the Sipchem family with a powerful platform for future growth.”
Aectra SA was established in 1995 and is located in Lutry, Switzerland. The company has an established network of agents and customers throughout Europe. It enjoys good professional relationships with major producers and its employees have proven experience in European logistics.