Covestro acquires 2 chemical manufacturing plants — here’s where

Covestro is acquiring two chemical production plants, one in Freeport, Texas, and the other in Thailand from a subsidiary of PTT Global Chemical Public Co. Ltd.

Financial terms of the deal weren’t disclosed. The acquisition of the plants, from Vencorex Holdings SAS that had previously been owned by a French company, will close by the end of 2025.

The two facilities make Hexamethylene Diisocyanate (HDI) derivatives, which are used in polyurethane coatings, sealants and adhesives. Covestro has a domestic and worldwide business in these products, which are used in coatings and adhesives for electronics, bridges, trucks, cars, ships and wood furniture.