# Ancom Nylex acquires 70% stake in Colorex for RM14M

Ancom Nylex Bhd, through its subsidiary Nylex Holdings, is acquiring a 70% stake in Colorex Sdn Bhd for RM14 million cash. Colorex is a specialty chemical blender and trader serving the automotive and other sectors.

- Type: Acquisition
- Announced: 2024-09-19
- Where: Malaysia
- Value: $3.20M (14.0M MYR)
- Status: announced
- Products: chemicals, colours and related products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Ancom Nylex](https://endata.com/companies/79929.md) (acquirer)
- [Colorex](https://endata.com/companies/79930.md) (target)

## Sources

- [klsescreener.com](https://www.klsescreener.com/v2/news/view/1394651/Ancom_Nylex_acquires_70_stake_in_specialty_chemical_player_Colorex_for_RM14m_cash), 2024-09-19: "Colorex’s range of products enhances our existing portfolio, specifically towards the automotive sector where our adhesives division [is] already serving."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.