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Perstorp to Buy Solvay’s Caprolactone Business

4:16 AM MDT | October 15, 2007 | Kerri Walsh

Perstorp says it has agreed to buy Solvay’s caprolactone business for €200 million ($284.7 million). The 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 its other chemicals and plastics operations. Perstorp says it plans to double the capacity for caprolactone as well as increase capacities for downstream derivatives to meet an increase in demand from all the major applications for the...

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