in this issue
Regions :: Western Europe
TowerBrook Capital Partners Seeks Exit from PolymerLatex
4:22 AM MDT | July 12, 2010 | Natasha Alperowicz
The private equity firm TowerBrook Capital Partners (London) is seeking a buyer for PolymerLatex (Marl, Germany). TowerBrook has been the owner of PolymerLatex, Europe's second largest latex producer, for seven years, a longer than average term for a private equity firm to seek an exit strategy. PolymerLatex, formerly a joint venture between Bayer and Degussa, now renamed Evonik Industries, reported sales of €387 million ($475.7 million) in 2009. It empolyes about 600 people. TowerBrook bought the company for €235 million in 2003. Stefan Brandt...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee