Perstorp acquires Chemko’s calcium formate and penta businesses
Perstorp, a world leader in specialty chemicals, announces the acquisition of the penta and calcium formate businesses from Chemko a.s. Strážske, a Slovakian chemicals producer. The transaction is part of Perstorp’s ambitious investment plan to increase polyol and calcium formate capacity.
Perstorp has signed an agreement with Chemko a.s. Strážske for the acquisition of its penta and calcium formate businesses, related technology and certain assets. It does not include the manufacturing plant in Strážske, Slovakia, any real estate or employees. The transaction is fully in line with both companies’ strategies going forward. For Perstorp, this is part of an ambitious investment plan to increase its polyol production and presence on the calcium formate market.
“Perstorp plans to satisfy all customer needs out of the plants we are running at present and we will have sufficient capacity to supply both our current and new customers. Going forward, we plan to further increase capacity to support our customers’ long-term growth”, says Ulrika Andersson, VP Business Unit Penta.
Calcium formate is a source of highly digestible calcium for farm animals and it has antimicrobial properties in feed. A lowered pH-value in the feed supports the acidification of the stomach contents. Perstorp markets its feed grade calcium formate as ProPhorce™ AC 200.
Another application for calcium formate is as an additive that improves the qualities and properties of tile adhesives.
The polyalcohol Penta is used in applications such as alkyd resins, PVC stabilizers, synthetic lubricants, varnishes, and other products. Perstorp is now producing Penta in three different production plants in Germany, the US and Sweden.