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Perstorp to Boost Polyol Capacity with Acquisition of Chemko's Penta Business

Published on 2014-06-11. Author : SpecialChem

Perstorp, among the world leaders in specialty chemicals, recently announces the acquisition of the pentaerythritol, penta, and calcium formate businesses from Chemko a.s. Strážske, a Slovakian chemicals producer. The transaction is part of Perstorp's ambitious investment plan to increase polyol capacity.

Perstorp has signed an agreement with Chemko a.s. Strážske for the acquisition of its penta and calcium formate businesses, related technology and certain assets. It does not include the manufacturing plant in Strážske, Slovakia, any real estate or employees. The transaction is fully in line with both companies' strategies going forward. For Perstorp, this is part of an ambitious investment plan to increase its polyol production.

"Penta is a core business area within Perstorp and these products have been key in the development of Perstorp as an international company. This acquisition is an opportunity to increase efficiency, expand output and further grow together with our customers", Perstorp President and CEO Jan Secher says.

"Perstorp plans to satisfy all customer needs out of the plants we are running at present and we will have sufficient capacity to supply both our current and new customers. Going forward, we plan to further increase capacity to support our customers' long-term growth", says Ulrika Andersson, VP Business Unit Penta.

The polyalcohol Penta is used in applications such as alkyd resins, PVC stabilizers, synthetic lubricants, varnishes, and other products. Perstorp is now producing Penta in three different production plants in Germany, the US and Sweden.

About Perstorp

From being a small Swedish family business Perstorp has grown into one among the world leading specialty chemicals Groups with about 1,500 employees and manufacturing units in Asia, Europe and North America. Annual turnover in 2012 was more than 10 billion SEK. The Perstorp Group is controlled by the French private equity fund PAI partners since 2005. The specialty chemicals Perstorp produces are added to a wide range of products used every day at home, work or leisure. Customers are in the coatings, plastic processing and automotive industries — as well as construction and engineering, the agricultural sector and many more. Good products are made even better by providing certain planned and desired characteristics.

Source: Perstorp

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