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Polynt and Reichhold to Merge its Businesses for Coatings Resins

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

Polynt Group  and Reichhold Group  announced a definitive agreement to effect the combination of the two businesses. The business combination is expected to create a global, vertically-integrated manufacturer of resins for composites and coatings and of other specialized chemicals, including intermediates, plasticizers, additives and compounds. Currently, Polynt is wholly-owned by funds managed by Investindustrial, and Reichhold is owned by a group of investors, including funds managed by Black Diamond Capital Management, LLC. Black Diamond and Investindustrial intend to become equal investors and, collectively, majority stakeholders in the combined business. The transaction is subject to requisite regulatory approvals and customary closing conditions, and is expected to be completed in the second half of 2016.

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