Total Energies to Divest Three Resin Product Lines

Acquisition Total Energies to Divest Three Resin Product Lines

2023-04-12 Source: Press release Ahlam Rais 1 min Reading Time

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Pacific Avenue Capital Partners will acquire three of the resin product lines of Total Energies which have been developed by Cray Valley. The move is expected to assist Cray Valley focus on its global specialty C4 and pure-monomer resin businesses.

The transaction includes four production sites in the United States, the Cray Valley Italy affiliate and the portfolio of customers.(Source: Pixabay) — The transaction includes four production sites in the United States, the Cray Valley Italy affiliate and the portfolio of customers.
(Source: Pixabay)

Paris/France – Total Energies has accepted an offer from Pacific Avenue Capital Partners for the acquisition of three product lines (Wingtack, Polybd and Dymalink) developed by Cray Valley, its resin production and sales affiliate. The transaction includes four production sites in the United States, the Cray Valley Italy affiliate and the portfolio of customers.

The transaction will allow Cray Valley to focus on its global specialty C4 and pure-monomer resin businesses which will continue to be developed by Total Energies. Production of the Ricon, Krasol and Cleartack resins will continue at Carling (France), in accordance with the commitments made when the site was restructured in 2013, Grand Junction (US) and Kralupy (Czech Republic).

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