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Perstorp Acquires Koei’s Penta Business & Strengthens its Presence in Asia

Published on 2015-07-02. Author : SpecialChem

Perstorp, a world leader in specialty chemicals, announces the acquisition of the Penta, Di-Penta and sodium formate businesses, related technology and certain assets from Koei Chemical Company Ltd., a Japanese chemicals producer. As part of the business transfer, Koei Chemical Company Ltd. will act as Perstorp’s agent in Japan, which will secure continuous high service and reliable partnership with our highly valued customers in the Japanese market.

Perstorp

The transaction is fully in line with both companies’ strategies going forward. For Perstorp, this is an important part of an ambitious plan to strengthen the position in the Asian Market and to add a platform for investment in order to long term expand the Penta business.

“Penta is a core business area within Perstorp and these products have been instrumental in the development of Perstorp as an international company. The acquisition is line with with Perstorp's strategy to drive growth and in particular in the Asia Pacific region. It demonstrates our commitment and ability to add high quality businesses to an already strong portfolio.” Perstorp President and CEO Jan Secher says.
“This action empowers Perstorp’s ambitious investment plan to increase Penta and Di-Penta capacity supporting our customers’ long-term growth. There has been significant planning to ensure sufficient capacity to supply both current and new customers.

Perstorp has already successfully incorporated the TMP business from Koei in the past and we are very confident that this transaction will follow the same level of high customer satisfaction.”, says Ulrika Andersson, Vice President Business Unit Penta.
Penta is used to enhance the properties in applications such as alkyd resins, PVC stabilizers, synthetic lubricants and varnishes. Perstorp is now producing Penta in three different production plants in Germany, the US and Sweden. The initiative confirms Perstorp’s leadership in the Penta market.

About Perstorp

Perstorp put care into chemicals The Perstorp Group is one of the world leaders in several sectors of the specialty chemicals market for a wide variety of industries and applications. Company’s products are used in the aerospace, marine, coatings, chemicals, plastics, engineering and construction industries. They can also be found in automotive, agricultural feed, food, packaging, textile, paper and electronics applications. Perstorp has approximately 1,500 employees and manufacturing units in Asia, Europe and North America. Sales in 2013 amounted to more than SEK 10 billion. At the end of 2005 Perstorp Holding AB, controlled by the French private equity company PAI partners, acquired the Perstorp Group.

Source: Perstorp


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