7 July 2017
DETAILS
the world leader in Neopentyl Polyhydric alcohols (Polyols),
today announces the agreement
for the acquisition of Polialcoli Srl from Polioli SpA.
The agreement includes the
* Neo, TMP and TMPDE as well as
* the associated Formate businesses
located at the Vercelli site (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.
The transaction is scheduled to close on 31 August
or at such later date
as the required procedures have been completed.
Perstorp is now producing
* TMP, in addition to Italy,
in China, the US and Sweden, and
* Neo in China and Sweden.
Federico Ferlin
“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”
Jan Secher
Perstorp President and CEO
“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.
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”,
For more information, please contact:
John Ekström, VP Investor Relations, +46 70 630 3900
Cecilia Svensson, Vice President Communications, +46 40 635 88 30
WWW.CHEMWINFO.COM BY KHUN PHICHAI
