Polynt Group sarl, a leading producer of specific polymer intermediates and specialties in Europe, with a growing Asian and US presence, made a binding offer to French oil giant Total for its US subsidiary Ccp Composites (download here the press release).
The deal will be conducted by Polynt Group’s US subsidiary Pccr Inc. The latter is a leading supplier of high quality polymer resins, continuing a legacy of more than 60 years producing materials for the coating and composite industries. Ccp Composites develops, produces and distributes solutions for composites and is a leader in thermoset composites. The compant counts 800 employees and in 2013 reached 560 million dollars of revenues.
The whole Polynt Group, controlled by IKtalian private equity operator Investindustrial,  reached 1.1 billion dollars of revenues in 2013, MF-Milano Finanza writes today. The major part of operations are conducted by the Italian subsidiay Polynt spa, which closed year 2013 with 632.3 million euros of revenue (from 680.7 millions in 2012) with 40.8 millions of enbitda (from 53.2 millions). The first quarter of 2014 was good with 181.2 millions of revenues (from 168 millions in the same period of 2013) and 13.3 millions of ebitda (from 10,9 millions) (download here figures for Polynt).
