PERSTORP, Sweden (Jan. 4, 2010)—Swedish specialty chemicals producer Perstorp Holding A.B. has received a $161 million increase in capital from its controlling shareholder, which gives the maker of aliphatic polyisocyanates for polyurethane coatings the ability to seek growth opportunities.
The company and its lenders also have agreed to amend Pertorp's financing conditions, giving it more flexibility.
Lennart Holm, partner at private equity company PAI partners and vice chairman of the Perstorp board, said the Perstorp proved its ability to mange a severe business climate, and the majority owner wants to help the chemical business develop further.
Perstorp has experienced a steady increase in activity since March 2009, according to Martin Lundin, the firm's CEO.