LONDON - The Polynt Group, a producer of polymer intermediates and specialties, announced plans to acquire CCP Composites from TOTAL S.A., the French integrated oil and gas company. PCCR USA, a wholly owned subsidiary of the Polynt Group, has submitted a binding offer for the purchase of CCP Composites from TOTAL S.A.

With the acquisition, Polynt aims to create a leading integrated specialty chemicals player specializing in unsaturated polyester resins (UPR), versatile resins with high demand across fiberglass-reinforced plastics markets.