Synthomer Plc Aquires Perstorp’s Belgian Facility

Perstorp has sold its additives activities to Synthomer for USD82.54 Million

Belgium: Perstorp Oxo Belgium AB, a Sweden based leading specialty chemicals innovator and supplier, has announced the sale of its additive activities to Synthomer plc, a major supplier of latices and speciality emulsion polymers. The total consideration for the acquisition is worth around USD82.54 million. Perstorp Oxo Belgium AB (‘Perstorp Belgium’) is a subsidiary of Perstorp Group, that primarily serves the decorative and industrial coatings industries. The company operates its business from a single site located at Ghent, Belgium and employs 41 employees, who would be transferred with the business. The divestiture is a Perstorp’s approach to spread its core chemicals activities, leveraging its existing sales and services, thereby driving its operational performance.

Techsci Research depicts that the acquisition of Perstorp Belgium represents Synthomer’s strategy to continue its growth and development. Since Perstorp Belgium complements Synthomer’s existing markets and customers, the acquisition would increase the access to new products and customers. Furthermore, it would expand the market position of Synthomer in the global pigments market.

According to the recently published report by TechSci Research, “Global Pigments Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, global pigments market size is estimated to cross US$ 34 billion by 2021. Segment-wise, inorganic pigments dominated the overall market in 2015, and this trend is anticipated to continue through 2021. Inorganic pigments are widely used in paints & coatings and plastics to provide various functional properties such as heat stabilization, antistatic, flame retardants, anti-block and UV stabilization. In 2015, Asia-Pacific region dominated the global pigments market, owing to huge presence of paints & coatings, plastics, construction and printing ink industries, coupled with increasing investments across diverse industry verticals.