Perstorp divests Perstorp Oxo Belgium to Synthomer
Perstorp Group has divested its Belgian site with its coating additives activities to Synthomer plc. The total consideration for the sale was EUR 78 million (subject to certain adjustments).
Perstorp Belgium manufactures and markets a range of performance additives to customers world-wide across a number of end-markets including paints, coatings and plastics.
Perstorp is a world leader in several sectors of the specialty chemicals market with an annual turnover of more than SEK 11 billion and employs around 1,600 people. Perstorp is controlled by the French private equity firm, PAI Partners.
Synthomer Plc, quoted on the London Stock Exchange, is a global speciality chemicals company with operations in over 13 countries.
Perstorp was advised by Mannheimer Swartling in the transaction.