Cognis: Sale of its PVC stabilisers business

The EUR 40m-turnover division will be bought by a consortium of companies comprising Reagens of Italy and Sun Ace Kakoh of Singapore. Both purchasers are leading manufacturers of PVC stabilisers. Cognis has two stabiliser manufacturing sites and a sales office in Germany. It also has a production site in Hong Kong. In total, the division employs around 160 people. The new owners expect to retain most of the staff. Cognis says it is selling the business because it “has little in common with our core competencies”. Its stabilisers are based on calcium-zinc technology.
The deal should be formally concluded by the end of this month.

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