Italian private-equity firm Investindustrial is exploring options, including a sale, for its catalysts and polymer materials-maker Polynt, Bloomberg wrote adding that the deal might be valued about 900 million euros.
Polynt Group sarl is a leading producer of specific polymer intermediates and specialties in Europe, with a growing Asian and US presence but with a strong Italian origin. The company bought CCP Composite, a US subsidiary to French oil&energy giant Total sa, last year through its US subsidiary Pccr Inc (see here a previous post by BeBeez). CCP Composites develops, produces and distributes solutions for composites and is a leader in thermoset composites. The company counts 800 employees and in 2013 reached 560 million dollars of revenues.
The whole Polynt Group, controlled by Italian private equity operator Investindustrial, reached 1.1 billion dollars of revenues in 2013 (more than 800 million euros). Thanks to CCP’s integration and on a pro-forma basis, revenues are seen to reach 1.7 billion dollars of which about 30% coming from North America, 52% from Europe, 18% from Asia and the rest of the world.