Europe Okays Perstorp’s Caprolactones Acquisition

The European Commission has cleared Perstorp’s planned acquisition of Solvay’s caprolactones business. Perstorp agreed last year to acquire the business for Eu200 million ($285 million). The caprolactones business reported sales of €60 million last year and employs 65, Solvay says. The deal includes a manufacturing plant at Warrington, U.K. Solvay says the caprolactone business “does not result in synergies” with the company’s other chemicals and plastics operations. The acquired business is the leading producer of caprolactone...

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