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Polynt and Reichhold merge to create global speciality chemicals group

Polynt and Reichhold are to combine their businesses to created global coating and composite resins operation with over EUR2.1 billion (USD2.4 billion) in revenues.  

Polynt-Reichhold will be invested into equally by Investindustrial and Black Diamond Capital Management (Black Diamond).

Credt fund manager GSO Capital Partners is providing the debt financing for the transaction which is subject to customary regulatory approvals and expected to close in the second half of 2016.

This combination further reinforces the Group’s leading position as a global vertically integrated specialty chemicals player, with significant presence both in Europe and North America, a strategy initiated by Polynt with the successful integration of PCCR and CCP in the last five years and now further reinforced by Reichhold’s global scale, extensive product portfolio and R&D competencies.  The Group’s excellence in serving large multi-national customers is demonstrated by the fact that the 10 largest customers all have more than 10-year long relationships with the Group.

Investindustrial’s Managing Principal Andrea C Bonomi says: “We are pleased that Polynt and its highly experienced management team, which at the time of our initial investment had less than EUR600 million of revenues, now forms a group with revenues of more than EUR2 billion and with a significant global presence.”

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