WWRC Acquire Farben Technique

WWRC Holding Pte. Ltd. (“WWRC” or “the Company”), a leading regional specialty chemicals distributor in Asia, announced the acquisition of Farben Technique (M) Sdn. Bhd. (“Farben”), the leading pigment preparation provider in Malaysia, recognised industry-wide for its strong R&D capabilities, trademarks, and long-standing customer relationships cultivated since its inception in 1993.

The acquisition will add significantly to WWRC’s vision to deliver one-stop chemical solutions for its customers and suppliers. Farben will add advanced R&D and manufacturing capabilities, a portfolio of more than 400 grades of specialty aqueous pigment preparations, and a track record of serving leading latex products manufacturers globally, including Malaysia, Thailand and Sri Lanka, for over 30 years.

“This acquisition will give WWRC immediate access to a whole suite of technical solutions, including proprietary technologies and custom formulation capabilities. We believe our customers will find significant value in the new suite of offerings and solutions, allowing us to provide a one-stop service for them,” said Mr. Teoh Weng Chai, CEO of WWRC. “Farben’s technical know-how, culture and focus on innovation, make it an excellent fit for our platform.”

Widely known as a pioneer in aqueous pigment dispersion technology, Farben is well positioned to address the growing technical needs across WWRC’s customer base, driven largely by strong organic tailwinds and manufacturing demand across the region. Reputed for its industry-leading R&D team and facilities, Farben will cornerstone WWRC’s technical solutions as a Centre of Excellence and offer bespoke formulation and manufacturing needs for customers.

Mr. Teng Chen Shun, Head of M&A and Group Strategy, commenting on the transaction, “The combination of WWRC and Farben represents a coming together of best-in-class operators, adding depth in R&D, manufacturing and product innovation to the WWRC platform. This transaction reflects WWRC’s ambition and desire to elevate our offering and follows from our customer-first mentality. We are also grateful for the continued support of our shareholder, Tower Capital Asia, whose strategic guidance and partnership played a key role in bringing this deal to fruition.”

“This partnership has been a long time coming given the chemistry and like-mindedness across the board. This combination will extend Farben’s offering and service across WWRC’s wide customer network. We expect many customers to benefit from our suite of products and offerings. We look forward to this partnership and to realising our shared vision with WWRC,” said Mr. Seow Liang Yean, Co-Founder and Executive Director of Farben.

About WWRC

Founded in 1980, WWRC is a leading specialty chemicals distributor serving a diverse range of industries across industrials and life sciences. The Company operates across 10 countries in Asia Pacific today through a footprint of 10 warehouses, 5 labs, and more than 200 employees, providing a wide range of services including sourcing, logistics, distribution and R&D. With a commitment to excellence, WWRC aims to address mission critical needs, and is dedicated to providing best-in-class service to suppliers and customers. For more information, please visit www.wwrc.com

About Farben

Farben is the leading pigment preparation partner in Malaysia, widely known for its track record of technical excellence, quality and innovation. In the 1990s, Farben was granted “Pioneer Status” by the Ministry of International Trade and Industry of Malaysia, crediting Farben for its instrumental role in aqueous pigment dispersion technology. The Company serves a diverse range of industries, including latex and rubber products, paint & coating, paper, and wood. The company exports to more than 10 countries globally and is fully committed to international sustainability and ESG practices. Farben strives for technical excellence, with the sole aim of creating long-term value for its customers and partners. For more information, please visit www.farbentechnique.com

About Tower Capital Asia

Established in 2016, Tower Capital Asia is a mid-market private equity firm based in Singapore. Backed by global expertise and anchored in Asian values, the Firm has led investments in the privatisation and / or buyout of Southeast Asian businesses – such as AXS, BoardRoom, Eu Yan Sang and I Can Read – in close partnership with business sponsors. As of 31 December 2024, the Firm manages institutional funds across all vehicles of more than US$500 million. For more information on the firm, please visit www.towercapitalasia.com

Press Enquiries

Teng Chen Shun
WWRC Holding Pte Ltd
wwrcsingapore@wwrc.com