# United Resins acquires 50% stake in Brazil's Florpinus

Portuguese pine chemical derivatives producer United Resins has acquired 50% of the share capital of Brazil's Florpinus Industria Quimica. The deal adds 35,000 t/yr pine oleoresin, 30,000 t/yr gum rosin processing, and 18,000 t/yr gum rosin derivatives capacity.

- Type: Acquisition
- Announced: 2024-03-25
- Where: Campo Largo, Parana state; Itapeva, Sao Paulo state, Brazil
- Status: completed
- Capacity: 35,000 t/yr pine oleoresin, 30,000 t/yr gum rosin processing, 18,000 t/yr gum rosin derivatives
- Products: pine oleoresin, gum rosin, gum rosin derivatives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [United Resins](https://endata.com/companies/76418.md) (acquirer)
- [Florpinus Industria Quimica](https://endata.com/companies/76419.md) (target)

## Sources

- [argusmedia.com](https://www.argusmedia.com/en/news-and-insights/latest-market-news/2805440-united-resins-buys-50pc-stake-in-brazil-s-florpinus), 2024-03-25: "Portuguese pine chemical derivatives producer United Resins has acquired 50pc of the share capital of Brazil's Florpinus Industria Quimica, the latter company said."

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