Reichhold and Polynt Complete Merger
May 23, 2017
Reichhold and Polynt have announced the completion of their merger, following receipt of all regulatory approvals. The new Polynt-Reichhold (the Group) is a global company in the Intermediates, Coating and Composite Resins, Thermoset Compounds, Gel-coats, and niche specialties with more than €2 billion in revenue. Black Diamond Capital Management, L.L.C. and Investindustrial are equal investors in the Group.
According to the Group, this combination enhances the its leading position as a global, vertically integrated specialty chemicals player, with significant presence in North America, Europe, and Asia.
“We intend to quickly align the cultures within the combination to support our global leadership position, better serve our customers, and create value for our shareholders,” said Rosario Valido, president and CEO of the Group. “With 44 plants across the world, the company will be the closest to the local needs of its customers and the just-in-time suppliers of specialty chemicals in the geographies in which they have operations.”