Black Diamond, Investindustrial complete coating merger
May 22, 2017
Chemicals | Merger
Polynt and Reichhold have closed their previously announced combination, creating a new coatings and composites business called Polynt-Reichhold that claims revenues of more than €2 billion. Black Diamond Capital Management and Investindustrial are equal investors in the new entity; Black Diamond first invested in Reichhold during 2015, while Investindustrial had backed Polynt since 2008.