Perstorp Announces Acquisition of Di-Methylolpropionic Acid Business from GEO
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.