# Covestro completes sale of European PU systems house business to H.I.G. Capital

Covestro AG has completed the sale of its European polyurethane systems house business to U.S. private equity firm H.I.G. Capital. The new business, renamed Plixxent, has facilities in the Netherlands, Denmark, Spain, Germany and Italy.

- Type: Acquisition
- Announced: 2019-11-04
- Status: completed
- Capacity: 100 kilotonnes per year
- Products: polyurethane systems
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Plixxent](https://endata.com/companies/43163.md)
- [Covestro](https://endata.com/companies/1705.md) (target)
- [H.I.G. Capital](https://endata.com/companies/2117.md) (acquirer)

## Sources

- [everchem.com](https://everchem.com/covestro-closes-divestiture/), 2019-11-07: "We have been working for more than four months to carve out the businesses from Covestro."

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