Synthomer Buys Coatings Additives Business from Perstorp
PERSTORP, Sweden - Specialty chemicals company Perstorp Holding AB (Perstorp) announced the sale of Perstorp Oxo Belgium AB (Perstorp Belgium) to Synthomer plc in a deal worth approximately €78 million. The divestment is in line with Perstorp’s strategy to focus on and expand its core chemicals activities.
Perstorp Belgium manufactures and markets a range of performance additives to a global customer base across a number of end markets, including coatings and plastics. The business employs 41 employees at its Gent, Belgium, facility, who will all be transferred with the business.