# Prime Polymer acquires majority stake in Brazilian PP compounder Produmaster

Prime Polymer, a joint venture majority-owned by Mitsui Chemicals, has acquired a 70% stake in Brazilian PP composites producer Produmaster. Produmaster has combined PP compound capacity of 120 million lbs/year at plants in São Paulo and Camaçari.

- Type: Acquisition
- Announced: 2021-04-25
- Where: São Paulo and Camaçari, Brazil
- Status: completed
- Capacity: 120 million lbs/year
- Products: PP composites
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mitsui Chemicals](https://endata.com/companies/19809.md) (investor)
- [Prime Polymer](https://endata.com/companies/31997.md) (acquirer)
- [Produmaster](https://endata.com/companies/54679.md) (target)

## Sources

- [news.pack.cn](http://news.pack.cn/show-371556.html), 2021-04-25: "Prime Polymer收购Prodúmaster Industria e Comércio Ltda.70%的股份，价格尚未揭晓。"

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