PERSTORP, Sweden – Perstorp, the Swedish chemicals group, has received legal approval for the takeover of the acquired activities within Rhodia Organics and Lyondell Chimie.
The acquisition increases Perstorp’s sales and operating profit by over 30 percent. Perstorp already has production in 11 countries in North and South America, Europe, and Asia, and is now gaining two new production plants, one in Le Pont-de-Claix, France, and one in Freeport, TX.
The acquired businesses produce special chemical products TDI and HDI, which are used in the coatings, auto and furniture industries and represent a strategically important addition to the Perstorp product portfolio. These products are used as hardeners in the coating industry and in foam products in the auto and furniture industries.
Christophe Gas, who has worked for the Rhodia Group since 1988, will be responsible for the new business.
Perstorp Completes Sixth Acquisition
November 1, 2008