NEWS Petronas to buy Perstorp
Malaysia’s Petronas Chemi- cals Group is to buy Sweden’s Perstorp from current private equity owner Financière Forêt in a deal that values the enterprise at €2.3bn. Perstorp operates seven manufacturing sites world- wide, of which the largest is at Stenungsund in Sweden, as well as three R&D centres. It has around 1,500 employ- ees and generated sales for the 2021 financial year of €1.3bn. EBITDA was €248m. The company is active in
derivatives and speciality chemicals, most notably in resins and coatings, engi- neered fluids and animal nutrition. It is a key global
Tosaf expands US plant
Above: Perstorp’s headquarters at Malmö in Sweden
player in trimethylolpropane and pentaerythritol. Per- storp is also a fully integrat- ed supplier of general purpose and phthalate-free plasticisers, which it markets under the Pevalen and Emoltene brands.
The move is a further diversification into speciali- ties for Petronas, which acquired silicones, lube oil additives and chemical maker BRB Group in 2019. �
www.perstorp.com �
www.petronas.com
Maag Group acquires AMN
Switzerland’s Maag Group has acquired AMN DPI, which makes polymer pelletising dies and die plates at Normandy in northern France. According to Maag, the purchase of AMN provides it with additional know-how covering both the extrusion and recycling industries. No financial details were disclosed. “For us, the acquisition is a consistent further step towards
even greater customer centricity,” said Ueli Thürig (left), President of the Maag Group. “Toolmaking for granulators and systems can now be carried out completely in-house. �
www.maag.com
Israel-headquartered Tosaf, a manufacturer of additive and colour and white masterbatches, said it has completed a $2m investment at its subsidiary plant at Bessemer City in North Carolina in the US. The money has been spent on a new silo system and additional extruders, taking the total invested at the site to more than $20m. “The silos and en- hanced production capabilities allow us to better meet short lead times for our rapidly growing customer base,” said General Manager Chai Tsadaka. Tosaf saw 30% growth
in North American sales from 2020 to 2021. A large portion of this was attrib- uted to new customers, who now represent 28% of active buyers. In all, 75% of the company’s product portfolio – and 90% of its custom colours – are made to customer specifications. �
www.tosaf.com
Natureworks and CJ Bio to collaborate
CJ Bio, part of South Korea’s CJ Group that makes polyhydroxyalkanoate (PHA), and NatureWorks, the world’s largest producer of polylactic acid (PLA), have agreed a strategic align- ment and are working toward a master collaboration agreement covering development of biopolymers for applications including compostable food packaging and food service ware. “Initial development and collabora-
8 COMPOUNDING WORLD | June 2022
tion are showing very promising results when using CJ Bio’s unique amor- phous PHA in combination with Ingeo biopolymer,” the companies said in a joint statement. The firms intend to collect feedback
from existing and potential customers across a range of applications and markets “to understand the growing need for functional product require- ments that also align with sustainability
goals”. These collaborations will inform their product and technology develop- ment roadmap. CJ Bio inaugurated a 5,000 tonnes/
year facility for its Phact brand of amorphous PHA (aPHA) in Pasuruan, Indonesia, last month. The product – a softer and more rubber-like PHA - will be used as a modifier. �
www.cjbio.net/en/products/
cjPha.do �
https://www.natureworksllc.com/
www.compoundingworld.com
IMAGE: MAAG GROUP
IMAGE: PETRONAS
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