MCG started in 1984 when the Salim Group established PT Sinar Plataco, and presently the MCG consists of 5 companies namely PT Sinar Plataco, PT Menara Kaloka, PT Chandra Mulia Permai, PT Perkasa Mostindo Utama and PT Oborjaya Abadi. They are principally engaged in the manufacturing and distribution of mosquito coils and the related milling of raw materials. MCG is one of the largest producer of mosquito coils in the world and in 1999 had a domestic Indonesian market share of approximately 59%.
Mosquito Coil Group was acquired by Reckitt Benckiser on November 27, 2000.
Join Mergr to view all 36 acquisitions of chemicals companies in 2000, including 22 acquisitions by private equity firms, and 14 by strategics.
Out of 60 sectors in the Mergr database, chemicals ranked 18 in number of deals in 2000. The largest chemicals acquisition in 2000 was Rockwood Holdings - which was acquired by Kohlberg Kravis Roberts for $1.2B.
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