PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

PaintSquare


Coatings Industry News

Main News Page


Perstorp Acquires Italian Polyols Firm

Tuesday, July 11, 2017

Comment | More

Specialty chemicals manufacturer Perstorp (Malmö, Sweden) has announced the acquisition of a polyol business unit from Italian firm Polioli SpA (Milano).

Transportation coating
Perstorp

The polyols that are part of the deal are used in the production of monomers and resins for various performance coatings.

The Swedish firm said Friday (July 7) that it is in the process of acquiring Polialcoli Srl, including the firm’s neopentylglycol, trimethylolpropane and TMP diallylether businesses, and the associated formate businesses at the Vercelli, Italy, site. The move is part of a larger effort to increase Perstorp’s position in the polyols market globally, the company says.

Financial terms of the deal were not disclosed.

'Global Reach'

“Polioli SpA has been under receivership for the last four years,” Polioli CEO Federico Ferlin said in a statement. “We have seen a potential in these products but it has proven increasingly difficult to run these product lines in smaller scale plants. In order to be successful, we have come to the conclusion that it makes more sense to operate these assets through a larger company with global reach. It was therefore natural for us to approach Perstorp.”

“The transaction is fully in line with Perstorp’s strategy to further strengthen our position in the polyols market,” said Jan Secher, president and CEO of Perstorp.”TMP and neo are both key products in our Polyol portfolio, which is a core business within Perstorp. These product lines have been instrumental in the development of Perstorp as an international company and we are happy to expand our position further to be able to serve a strong demand from the market.”

The polyols that are part of the deal are used in the production of monomers and resins for various performance coatings.

According to Perstorp, the acquisition will include technology, know-how and equipment, and the 74 employees under the business unit will join Perstorp. The companies expect the deal to close Aug. 31, pending regulatory approvals.

Perstorp reported about 11.1 billion Krona (about $1.02 billion) in net sales in 2016.

   

Tagged categories: Acquisitions; Coatings raw materials manufacturers; Perstorp; Raw materials; Resins

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
PPG Protective and Marine Coatings Group
 
We Protect and Beautify the World
 
PPG is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.
 

 
Carboline Company
 
Carboline is pouring with opportunities
 
We are proud of our exceptional products and services, and believe that people are our greatest asset. Come grow with us!
 

 
Jotun Paints Inc.
 
Jotun Jotachar 1709
 
Mesh-free passive fire protection epoxy designed to protect against hydrocarbon pool fire scenarios for up to four hours as defined in the ANSI/UL1709 standard.
 

 
CS Unitec
 
Remove Coatings, Corrosion & More!
 
For metal & concrete. Scalers, scabblers, deck hammers & scarifiers. Safe for hot work zones. Call our specialists: 800-700-5919.
Demo videos at www.csunitec.com.
 

 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
W Abrasives
 
Unrivaled Expertise for your Surface Preparation
 
As the global leader in steel abrasives, W Abrasives material is the efficient and eco-friendly solution blasting with you to reach the perfect profile.
 

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
Sherwin-Williams
 
Sherwin-Williams General Polymers Resinous Flooring App
 
Our coatings and linings expertise available 24/7, allowing you to explore the Sherwin-Williams systems best suited for your flooring needs. Android Users Click here to Download the app today!
 

 
Tarps manufacturing, Inc.
 
QUALITY MADE IN AMERICA —Available near you!
 
CLICK to get a behind-the-scenes look at how Tarps Manufacturing makes the highest-quality tarps right here in the USA — available nationwide.
 

 
Waterjet Technology Association (WJTA)
 
Click to register today!
 
See the latest automated and handheld UHP waterblasting tools/systems/products. Exhibits, live demos, educational sessions, waterjet short course, networking.
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us