Hextar Global to remain on M&A route for expansion

Hextar Global executive director Datuk Eddie Ong Choo Meng (pic) is not concerned by analyst reports of lower average selling prices (ASPs), higher compliance costs and intensified competition that are expected to weigh down on glove makers’ profitability.

Hextar Global Bhd has ramped up its merger and acquisition (M&A) activities to diversify into the specialty chemicals sector. The group is among the largest agrochemical producers in Malaysia.

In July this year, the group acquired the Chempro Group for RM138mil.