Synthomer Bought Perstorp Oxo Belgium
CHEMMONITOR.COM – UK-based specialty chemical company Synthomer plc has recently acquired Perstorp Oxo Belgium AB, a specialty polyol, formate and formaldehyde producer, from Swedish specialty chemicals company Perstorp Holding AB. The transaction was assessed at EUR 78 million.
Perstorp Oxo Belgium AB is involved into the additives business. The company serves mostly the decorative and industrial coatings industries. Its earnings before interest and tax and gross assets in 2016 reached EUR 8 million and EUR 21 million, respectively.