Polynt Group to Merge with Reichhold

Reichhold and Polynt have announced the combination of their businesses

United States: Polynt Group, fully-owned by funds managed by Investindustrial and Reichhold Group, owned by funds managed by Black Diamond Capital Management, LLC, have signed an agreement to merge in order to form a global, vertically-integrated composite resins and coating manufacturing company along with the production of other specialized chemicals, including intermediates, plasticizers, additives and compounds. The merged company of Polynt, a polymers and composites manufacturer and Reichhold, involved in the manufacturing of unsaturated polyester and coating resins, would have significant presence in North America and Europe. Black Diamond and Investindustrial are expected to be the equal investors and majority stakeholders in the new company. The transaction is scheduled to be completed by the second half of 2016.

TechSci Research depicts that the merger is expected to strengthen the position of the company in the international market and aid the expansion of product portfolio. In addition, the company would cater to a wide range of end users including industries, transportation, building and construction.

According to TechSci Research report, “China PET and PBT Resins Market Forecast and Opportunities, 2020”, the PET & PBT resins market in China is projected to surpass USD11.6 billion by 2020. China PET market continues to be dominated by PET packaging films and sheets, which is forecast to register robust growth through 2020. The remaining PET market in China includes PET bottles for food packaging and carbonated drinks, packaged drinking water, alcoholic and non-alcoholic beverages, edible oils, etc. On the other hand, PBT resin market in China continues to be commanded by electrical and electronics components and automotive components industry.