Sipchem acquires Aectra SA
On December 31, 2011, Sipchem Europe BV, a wholly-owned subsidiary of Saudi International Petrochemical Co. (Sipchem), acquired Aectra SA, a Swiss petrochemical trading and marketing company, in order to gain immediate access to experienced and proven marketing, logistics and trading expertise in the European market.
Established in December 1999, Sipchem actively develops and invests in petrochemical and chemical industries, both basic and intermediate products used to manufacture a multitude of end-products. Through its five operating affiliates, Sipchem currently produces about 2.2 million of chemicals.
Lenz & Staehelin advised Sipchem. The team was led by Andreas Rötheli (M&A) and included Marie Flegbo-Berney.