# Perstorp buys out minority partner in Shandong joint venture

Perstorp has closed a deal to buy out its minority partner in the joint venture Shandong Perstorp Chemical Co., Ltd. (formerly Shandong Fufeng Perstorp Chemical Co., Ltd.), becoming the sole owner of the polyol manufacturing site in Zibo, Shandong province, China.

- Type: Acquisition
- Announced: 2024-03-05
- Where: Zibo, Shandong province, China
- Status: completed
- Products: polyols
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Perstorp](https://endata.com/companies/21777.md) (acquirer)
- [Shandong Fufeng Hongjin Investment Co., Ltd.](https://endata.com/companies/76057.md) (target)

## Sources

- [perstorp.com](https://www.perstorp.com/en/news_center/pressreleases/2024/perstorp_buys_out_minority_partner_at_china_site), 2024-03-05: "Perstorp has closed a deal to buy out its minority partner in the joint venture Shandong Perstorp Chemical Co., Ltd., which has owned and operated Site Zibo in China."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/perstorp-buys-out-minority-partner-at-china-site/), 2024-03-05: "Gaining full ownership will ensure that Perstorp can continue developing the site, and can aim to make substantial site upgrades to safeguard the competitiveness of Site Zibo."

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