PERSTORP, Sweden (July 8, 2008) — Perstorp Holding A.B. said it has completed its acquisition of the specialty chemicals operation Rhodia Organics and LyondellBasell subsidiary Lyondell Chimie TDI SCA.
The purchases will include the production of toluene diisocyanate, hexamethylene diisocyanate and HDI derivatives, used as hardeners in coatings and as intermediates in foam-related products in the automotive and furniture industries, Perstorp said.
Perstorp said the acquired operations have about 700 employees, production facilities in Pont-de-Claix, France, and Freeport, Texas, and generated sales of about $786 million in 2007.