Perstorp Acquires Polialcoli; Strengthens Position in Polyol Market

Perstorp announced an agreement for the acquisition of Polialcoli Srl from Polioli SpA. The agreement includes the neopentyl glycol (Neo), trimethylolpropane (TMP) and trimethylolpropane diallyl ether (TMPDE) as well as the associated Formate businesses located at the Vercelli site (Italy). The transaction is scheduled to close on 31 August.

Included in the transaction are also technology, know-how and equipment. The 74 employees who are currently employed in Polialcoli will join Perstorp.

TMP is used to enhance the properties in applications such as saturated polyesters and synthetic lubricants. Neo is used in polyesters for powder coating, coil coating and other stoving enamels, unsaturated polyesters for gel-coats and reinforced plastics, polyurethanes for coating, foams and elastomers and lubricant esters.

TMPDE adds functionality to unsaturated polyesters, polyurethane resins, epoxy resins and resins for ion-exchangers.

Formates are used in Tanning, de-icing and oil drilling and as a chemical building block for bleaching agents.

“Polioli SpA has been under receivership for the last 4 years. We have seen a potential in these products but it has proven increasingly difficult to run these product lines in smaller scale plants. In order to be successful, we have come to the conclusion that it makes more sense to operate these assets through a larger company with global reach. It was therefore natural for us to approach Perstorp,” said Federico Ferlin, Polioli CEO.

“The transaction is fully in line with Perstorp’s strategy to further strengthen our position in the polyols market. TMP and Neo are both key products in our polyol portfolio, which is a core business within Perstorp. These product lines have been instrumental in the development of Perstorp as an international company and we are happy to expand our position further to be able to serve a strong demand from the market,” added Jan Secher, president and CEO, Perstorp.