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Perstorp strengthens position in Polyol market.

Perstorp has announced the agreement for the acquisition of Polialcoli Sri from Polioli SpA. The agreement includes the Neo, TMP and TMPDE as well as the associated Formate businesses located at the Vercelli site in Italy. Included in the transaction are also technology, know-how and equipment. The 74 employees who are currently employed in the acquired company are welcomed to the Perstorp group.

"Polioli SpA has been under receivership for the last four years. 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," said Polioli CEO Federico Ferlin.

"The transaction is fully in line with Perstorp's strategy to further strengthen our position in the Polyols market. TMP and Neo are both key products in our Polyol portfolio, which is a core business within Perstorp," said Jan Secher, Perstorp's president and CEO.

The transaction is scheduled to close on August 31 or at such later date as the required procedures have been completed.

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Title Annotation:industry news
Publication:Ink World
Date:Jul 1, 2017
Words:202
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