Perstorp announces sale of its BioProducts business

In Sweden, Perstorp, a global leader in specialty chemicals, sold Perstorp BioProducts, a leading producer of biodiesel and glycerine in Scandinavia, to a Swedish investor together with a member of the subsidiary’s management team. The terms of the transaction were not disclosed.

The sale includes the production site in Fredrikstad, Norway, while the production site in Stenungsund, Sweden, will remain under Perstorp’s ownership. Perstorp will also, for a limited time, be a minority owner of the new company i.e. Adesso BioProducts AB.

A tolling agreement forms a part of the sale, whereby Perstorp will continue to produce biodiesel at Stenungsund production site for Adesso BioProducts. In the long term, Adesso might relocate production and Perstorp may look to repurpose this site for other specialty chemical products.

Jan Secher, President and CEO of Perstorp, commented: “Adesso BioProducts is one of the leading suppliers of biofuels in Scandinavia and we see great potential for the business under its new ownership. For Perstorp, the sale is in line with our strategy to focus on high growth areas in the specialty chemicals market and build on our position as a global leader in the field. We look forward to continuing our good cooperation with the new owners.”