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Serafin acquires Covestro's European PC sheet business

 Last Update: 2022-08-18
 Source: Internet
 Author: User

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Covestro has signed an agreement to sell its European polycarbonate (PC) sheet business to the Serafin Group for 130 million eur.

For now, both Covestro and Serafin have agreed not to disclose specific financial details of the de.

The transaction is understood to be part of Covestro's ongoing portfolio optimizati.

After a thorough evaluation, Covestro concluded that its sheet metal business was no longer suitable for its strategy in the PC segme.

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