Simpson Thacher is representing an affiliate of Investindustrial in the announced combination of Polynt Group and Reichhold to form a global company in the coating and composite resins industry with over €2.1 billion ($2.4 billion) in revenues. Polynt-Reichhold (“the Group”) will be invested into equally by Investindustrial and Black Diamond Capital Management, L.L.C. The 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. The transaction, which is subject to customary regulatory approvals, is expected to close in the second half of 2016.
Founded in 1955, Polynt is one of the world’s largest manufacturers and suppliers of specialties, intermediates and composites for the industrial, transportation, building and construction, marine, medical, consumer, and food additive markets. Polynt has manufacturing operations throughout North and South America, Europe, and Asia.
Founded in 1927, Reichhold is one of the world’s largest manufacturers of unsaturated polyester resins and a leading supplier of coating resins for the industrial, transportation, building and construction, marine, consumer and graphic arts markets. Reichhold has manufacturing operations throughout North and South America, the Middle East, Europe and Asia.
Investindustrial is a leading European group of independently managed investment, holding and advisory companies with €5.6 billion of raised fund capital, which provides industrial solutions and capital to mid-market companies in Europe. Its mission is to actively contribute to the development of the companies in which it invests, by creating growth opportunities and offering global solutions through an entrepreneurial pan-European vision.
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