Perstorp Acquired the Di-Methylolpropionic Acid Business of GEO

Date: 12/01/2022
Categories: Corporate
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With the acquisition of the DMPA® business from GEO, Perstorp will strengthen its position within the resins and coatings markets.

Perstorp has announced the acquisition of GEO’s Di-Methylolpropionic Acid (DMPA®) business, that will allow to improve the company’s sustainable solutions and strengthen its strategic presence also in the polyurethane and alkyds dispersions segments, in order to better serve the waterborne resins and coatings markets.

“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,” stated the president and CEO of Perstorp Group, Jan Secher.

Over the pas 20 years, Bis-MPA has represented one of the main focuses of Perstorp offering, as it enables a technology shift from solvent to waterborne formulations for polyurethane dispersions, PUDs and waterborne alkyds. GEO will continue to produce DMPA exclusively for Perstorp in Allentown (Pennsylvania, U.S.A.). Both companies declared that they are jointly committed to ensuring a smooth business transition process, in order to avoid any disruption on the security of the supply chain and the service.

“We are excited to have found a partner in Perstorp who is committed to support the growing demand for DMPA. CPS will continue to focus on building our core businesses and this transaction enables us to streamline our portfolio as we invest in a number of capacity and product expansions throughout the company,” also added Jeremy Steinfink, the CEO of CPS Performance Materials, the parent company of GEO.