Hoechst-Perstorp has invested SKr75m ($9.6m)
22 August 1994 00:00 [Source: ICB]
Hoechst-Perstorp has invested SKr75m ($9.6m) in purchasing the polymer dispersions business of Norwegian company Borregaard. Product development and sales will take place in Sarpsborg, Norway, where Borregaard employs 27 people. The plant concentrates on producing binding material for paints and glues. According to the preliminary agreement, Perstorp will continue production at Sarpsborg and may not transfer it to Sweden. Borregaard will maintain ownership of the plant, while Perstorp hopes to strengthen its position as the largest producer of polymer dispersions in the Nordic region.
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