# H.I.G. Europe to acquire Covestro's European polyurethane systems business

H.I.G. Capital signed a definitive agreement to acquire Covestro's European Polyurethane Systems Business, which operates four systems houses in Germany, Denmark, the Netherlands and Spain, with annual sales of about €230 million.

- Type: Acquisition
- Announced: 2019-06-17
- Where: Germany, Denmark, Netherlands, Spain, Germany
- Jobs: 250
- Status: announced
- Products: polyurethane systems, insulation materials, foams, shoe soles, building materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md) (target)
- [H.I.G. Capital](https://endata.com/companies/2117.md) (acquirer)

## Sources

- [kommunikasjon.ntb.no](https://kommunikasjon.ntb.no/pressemelding/17866438/hig-europe-to-acquire-polyurethane-systems-business-from-covestro?publisherId=90063), 2019-06-17: "H.I.G. Capital, LLC is pleased to announce that an affiliate has signed a definitive agreement to acquire the European Polyurethane Systems Business in a carve-out transaction from Covestro AG."
- [hig.com](https://hig.com/news/h-i-g-europe-to-acquire-polyurethane-systems-business-from-covestro/), 2019-06-17: "H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with over €26 billion of equity capital under management, is pleased to announce that an affiliate has signed a definitive agreement to acquire the European Polyurethane Systems Business (the “Company”) in a carve-out tr"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.