Volume 95 Issue 11 | pp. 14-15 | Concentrates
Issue Date: March 13, 2017

Perstorp sells Belgium site to Synthomer

Department: Business
Keywords: coatings, additives, Synthomer, Perstorp, Belgium, sell

Swedish specialty chemical firm Perstorp has agreed to sell its site in Ghent, Belgium, which produces additives for the coatings industry, to England-based Synthomer for about $82 million. The plant has 45 employees and generated pretax profits of $8.5 million in 2016. “The business is an excellent fit and provides increased access to new products and customers,” says Synthomer CEO Calum MacLean.

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