Dutch Dow Europe sells Russian subsidiary polymer dispersions producer

KYIV. Jan 19 (Interfax-Ukraine) – Control of Dow Europe Holding’s Russian subsidiary Finndisp LLC has been acquired by Sergei Bendenko and Tula Region company JSC Plastic, which now own respectively 51% and 49% of polymer dispersions producer, data from the Unified State Register of Legal Entities showed.

In December 2023, Dow Europe was allowed to sell 100% of Finndisp.

Bendenko has also been appointed CEO of Finndisp LLC, as well as Finndisp Uzlovaya LLC, a company established last October 25 that produces polymer-based paints and varnishes.

The shareholders of JSC Plastic (Uzlovaya, Tula Region), which received a 49% stake in Finndisp and controls 75% of Finndisp Uzlovaya LLC, are Maxim Kizimov, Lev Reznikov (40% each), Alexey Vinnichenko (12.5%), and Alexey Shilov.

Plastic’s press service does not disclose the value of the Finndisp acquisition.

JSC Plastic’s website said that the company is a leader in production of ABS and suspension polystyrene.

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