Sustainable Solutions Perstorp Takes Over GEO’s Business to Strengthen Resins and Coatings Business
Perstorp has acquired GEO’s Di-Methylolpropionic Acid (DMPA) business with an aim to further strengthen its sustainable resins and coatings business. With this move, GEO will continue to produce DMPA exclusively for Perstorp in Allentown, Pennsylvania, USA.
Malmö/Sweden – This acquisition further accentuates the company’s strategic presence in Polyurethane and Alkyds dispersions - a vital step to becoming a specialty leader in various waterborne coating markets. The acquisition significantly bolsters Perstorp’s position within the Di-Methylpropionic acid (DMPA) platform, allowing further investments into innovation and additional capacities over time.
Perstorp’s 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,” says Jan Secher, President and CEO of Perstorp Group.
As of January 2022, Perstorp resumes control of GEO’s DMPA business. 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, focusing on security of supply and service.