Perstorp Sells Its Thermoset Business

Perstorp Group of Sweden has sold Perstorp Compounds AB, Perstorp Chemitec S.p.A. in Italy, and Perstorp Compounds, Inc. of Florence, Ky., to a new firm, Raytor Holding AB of Sweden.

Perstorp Group of Sweden has sold Perstorp Compounds AB, Perstorp Chemitec S.p.A. in Italy, and Perstorp Compounds, Inc. of Florence, Ky., to a new firm, Raytor Holding AB of Sweden. The acquired businesses supply thermoset molding compounds, primarily for electrical products and sanitary ware. The U.S. branch produces melamine formaldehyde and urea formaldehyde compounds for electrical plates, dinnerware, bathroom sinks, and closures for cosmetics.