01/13/2011

www.gupta-verlag.de/polyurethanes

Perstorp acquires Ashland's Penta business

"The Penta business is a core area within Perstorp and these products have been key in the development of Perstorp as an international company. The US market in particular has historically been a focus for us for this business", Perstorp President and CEO Martin Lundin says. "This acquisition is an opportunity to further grow together with our customers in their various applications.""Perstorp plans to supply all needs out of the plants we are running at present and we will have sufficient capacity to supply both our current, and new customers. With the additional volumes, as well as equipment and know-how resulting from this acquisition, we plan to increase capacity to meet the customers' long-term needs", Ulrika Andersson, Business Unit Manger Penta & Formates, says.The acquisition is subject to fulfillment of certain conditions and is expected to be completed by March 2011.Perstorp is now producing Penta in three different production plants in Germany, the USA and Sweden. Investments will mainly take place in Perstorp's US facility.

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