MALMÖ, Sweden — Perstorp recently announced it has acquired GEO’s Di-Methylolpropionic Acid [DMPA®] business. The acquisition reportedly emphasizes Perstorp’s commitment as the sustainable specialty solution provider within the resins and coatings segment.
Perstorp reports that the acquisition expands the company’s strategic presence in polyurethane and alkyds dispersions — a vital step to becoming a specialty leader in various waterborne coating markets. The acquisition bolsters Perstorp’s position within the di-methylpropionic acid platform, allowing further investments into innovation and additional capacities over time. Perstorp’s strategy is to support its customers and wider society by driving the shift towards renewable raw materials and sustainable technologies. This acquisition serves both of these dimensions.
“Our strategy is to be the sustainable solutions provider within our focus segments, of which resins and coatings is one. Additives for waterborne resins and coatings technologies are a key area for future growth, and we see great potential in the market for Bis-MPA™ together with the acquired DMPA. This acquisition will both allow further development of our offering and enable long-term investments to safeguard future availability,” said Jan Secher, President and CEO of Perstorp Group.
Bis-MPA has reportedly represented a key building block in Perstorp’s offering over the past 20-plus years. The product enables a technology shift from solvent to waterborne formulations within markets such as polyurethane dispersions, PUDs, and waterborne alkyds.
As of January 2022, Perstorp will resume control of GEO’s DMPA business. GEO will continue to produce DMPA exclusively for Perstorp in Allentown, Pennsylvania. Perstorp and GEO are jointly committed to ensuring a smooth business transition process, focusing on security of supply and service.
Learn more at https://perstorp.com.