US unsaturated polyester resins producer Reichhold (Research Triangle Park, North Carolina; www.reichhold.com) and Italian composites specialist Polynt (Scanzorosciate; www.polynt.it) have completed their merger following the receipt of all regulatory approvals (see Plasteurope.com of 19.05.2016).

The new speciality chemicals group, named Polynt-Reichhold, will focus on a wide range of products, including intermediates, coating and composite resins and niche specialities, with revenues of more than EUR 2 bn. The combination is expected to strengthen the group’s presence in North America, Europe and Asia with 44 plants located around the world.

US-based asset management group Black Diamond Capital Management and European investment firm Investindustrial will own an equal (undisclosed) stake in the newly formed company. “The combination provides the opportunity to capitalise on increased scale, complementary manufacturing and product development capabilities, and significant synergies to compete successfully in the marketplace going forward,” said Stephen Deckoff, managing principal at Black Diamond.

Polynt CEO Rosario Valido added that Polynt-Reichhold will grow the business together with its customers and drive the quality of its products towards the industry’s highest expectations.