HAMBURG, Germany (June 9)—RCMA Commodities Asia Pte. Ltd. and Raiffeisen Centrobank A.G. are initiating formal discussions toward merging their natural rubber and natural rubber latex businesses, the two companies announced in a joint release.
The goal of the merger is "to create an efficient and sizable group worldwide to serve our customers and suppliers, both commercially and technically, on an even higher level," the release stated. There was no word on a potential name for the merged business, but the release said both companies hope to complete the deal by Jan. 1.
In the U.S., RCMA operates its natural rubber business as RCMA Americas Inc. in Norfolk, Va., and Centrobank operates its NR business as Centrotrade Rubber USA Inc. in Virginia Beach, Va.