Perstorp says it is further strengthening its specialty position within resins and coatings through the acquisition of GEO’s dimethylolpropionic acid [DMPA] business, a move which the company says also emphasizes its commitment as a provider of specialty offerings. The acquisition accentuates the company’s strategic presence in polyurethane and alkyds dispersions, according to Perstorp. Perstorp says its strategy is to support its customers and wider society by driving the shift towards renewable raw materials and sustainable technologies. This acquisition serves both of these dimensions.
“Our strategy is to be the sustainable solutions provider within our focus segments, of which resins and coatings is one. Additives for waterborne resins and coatings technologies are a key area for future growth, and we see great potential in the market for Bis-MPA together with the acquired DMPA. This acquisition will both allow further development of our offering and enable long term investments to safeguard future availability,” says Jan Secher, president and CEO of Perstorp Group.
Bis-MPA reportedly has represented a key building block in Perstorp’s offering over the past 20-plus years. The product enables a technology shift from solvent to waterborne formulations within markets such as polyurethane dispersions, PUDs and waterborne alkyds. GEO will continue to produce DMPA exclusively for Perstorp in Allentown, Pennsylvania. Perstorp and GEO are jointly committed to ensuring a smooth business transition process, according to Perstorp.
CPS Performance Materials, the parent company of GEO, is a diverse specialty chemical company with businesses serving multiple end markets including pharmaceuticals, nutrition, specialty coatings and dispersants used in a broad range of applications.
For more information, visit: www.perstorp.com
