MALMÖ, Sweden – Specialty chemicals company Perstorp has agreed to acquire Polialcoli Srl from Polioli SpA. The agreement includes Neo, TMP and TMPDE production, as well as the associated formate businesses, located at the company’s Vercelli site in Italy. The transaction is scheduled to close the end of August.
"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.