Perstorp has acquired GEO’s di-methylolpropionic acid (DMPA) business, an investment the company says emphasizes its commitment as a sustainable specialty solution provider within the resins and coatings segment.
According to the company, the acquisition highlights the company’s strategic presence in polyurethane and alkyds dispersions, which it says is key to its role in waterborne coating markets. Perstorp maintains that the acquisition bolsters its position within the di-ethylpropionic acid platform, allowing further investments into innovation and additional capacities over time.
“Our strategy is to be the sustainable solutions provider within our focus segments, of which resins and coatings is one,” says Jan Secher, president and CEO of Perstorp Group. “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.”
According to the company, Bis-MPA has represented a key building block in Perstorp’s offering over the past 20-plus years. The product is designed to enable a technology shift from solvent to waterborne formulations within markets such as polyurethane dispersions and waterborne alkyds.
Perstorp takes control of the DMPA business this month. GEO will continue to produce DMPA exclusively for Perstorp in Allentown, Pa.
The post Perstorp Acquires GEO DMPA Business appeared first on American Coatings Association.
from American Coatings Association https://www.paint.org/perstorp-acquires-geo-dmpa-business/
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