CPS Performance Materials has sold its Di-Methylolpropionic Acid (DMPA®) business to Perstorp Holding AB to enhance sustainability and streamline operations.
Target Information
CPS Performance Materials, through its subsidiary GEO Specialty Chemicals, has divested its Di-Methylolpropionic Acid (DMPA®) business to Perstorp Holding AB. DMPA® is a crucial additive that supports the transition from solvent-based to waterborne formulations, particularly in the polyurethane dispersion and alkyd markets. This strategic sale is part of CPS's broader objective to optimize its portfolio and focus on its core business areas.
As a diversified specialty chemicals manufacturer, CPS Performance Materials produces coatings additives, pharmaceutical intermediates and active pharmaceutical ingredients (APIs), chemical illumination solutions, performance polymers, and fine chemicals. The company is committed to innovation and enhancing product quality across its offerings, which enables it to satisfy evolving market demands.
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Industry Overview in the Target's Country
The specialty chemicals industry in the United States is experiencing significant growth, driven by a robust demand for sustainable solutions across various sectors, including automotive, constru
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