Perstorp Acquires Penta Business of Ashland

Perstorp, Sweden, has acquired the Penta (pentaerythritol) specialty chemicals business of Ashland Inc. (NYSE:ASH). The polyalcohol Penta is used in applications such as alkyd resins, PVC stabilizers, synthetic lubricants, varnishes. Perstorp is controlled by PAI Partners, a European private equity group.