Industry News

Perstorp Acquires Chemko's Penta Business to Increase its Polyol Production & Efficiency

Published on 2014-06-04. Author : SpecialChem

Perstorp, one of the world leaders in specialty chemicals, has announced 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. Straážske 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 companie's 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", said Perstorp President and CEO Jan Secher .

"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 customer's long-term growth", said 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 of 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. It is a differentiated specialty chemicals company with a unique position on the market. This is possible through an offer of everything from key chemical building blocks to semi-specialty chemicals and pure specialty products that together with a solution providing approach add maximum value for Perstorp's customers.

Source: Perstorp

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