PCG Completes Acquisition of Global Specialty Chemicals Company
Perstorp has announced that it has been acquired by PETRONAS Chemicals Group Berhad (PCG), Malaysian integrated chemicals provider and part of PETRONAS Group, on October 11, 2022. In May this year, PCG signed a Securities Purchase Agreement with Financière Forêt S.à.r.l, a company under PAI Partners, a European private equity firm, to acquire the entire equity interest in Perstorp, a sustainability-driven global specialty chemicals company based in Sweden. With the completion of the acquisition, Perstorp is now PCG’s wholly owned subsidiary.
“This day marks a new beginning and exciting future for Perstorp as part of the PCG family. We are thrilled to explore the opportunities that can be unlocked by working closely with PCG. This will accelerate the next phase of growth and further strengthen us as a leading specialty chemicals company. Perstorp and PCG form a stronger business together,” said Perstorp’s president and CEO, Jan Secher.