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Issue 22/2019 - Covestro sells its European polyurethane systems business

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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Covestro officially completed the sale of its European polyurethane system materials
business
to H.
I.
G.
Capital The transaction price is close to 100 million euros
.
The sale of the Systems business will help Covestro further optimize its portfolio
.

The Systems Business Unit offers customized polyurethane system materials
to its customers.
The division employs around 250 people and generates annual sales of 230 million euros
.
After H.
I.
G.
Capital becomes the new shareholder, the business unit will be renamed Plixxent and become a new business unit
.

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