Announced
Completed
Financials
Tags
Private
Single Bidder
Natural
Acquisition
Germany
polycarbonate sheets
Diversified Materials
Private Equity
Completed
Majority
Synopsis
Serafin Group, a private equity firm, completed the acquisition of European polycarbonate sheets business, which comprises manufacturing units in Belgium and Italy, of Covestro, a producer of specialty chemicals for heat insulation foams and transparent polycarbonate plastics. Financial terms were not disclosed. Covestro has decided that the sheets business no longer fits in the strategy of its Polycarbonates segment in the long-run.
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