PT Sinar Mas Group completed the acquisition of Palm Plantation and related assets of PT Bakrie Sumatera Plantations Tbk.

PT Bakrie Sumatera Plantations Tbk is engaged in plantation, processing, and trading of agricultural and industrial products. It operates through three segments: Palm oil and derivates, Rubber, and Oleochemical. Its Palm oil and derivatives segment is mainly involved in the development and maintenance of palm oil and other business activities relating to palm oil processing, marketing, and sales. Its Rubber segment is mainly involved in the development and maintenance of rubber and other business activities relating to rubber processing, marketing, and sales. Its Oleochemicals segment is involved in the business activities relating to oleochemical processing, marketing, and sales. It also sells other types of natural rubber products, such as Centrifuge Latex, RSS-1, SIR 3 CV, SIR 10/20 and BSR. Palm kernel is its oil palm product. It produces a range of palm oil-based oleochemicals and refining products, such as fatty acids, glycerin, fatty alcohols, and RBD Palm Olein, among others.