Basell to Acquire Solvay Engineered Polymers
Basell, Hoofddorp, The Netherlands, the global leader in advanced polyolefins, announced that it has signed a definitive agreement with Solvay by which Basell will acquire Solvay Engineered Polymers, Inc., a leading supplier of polypropylene compounds in North America.
The transaction is subject to relevant regulatory approvals and is expected to close in early 2008.
“The acquisition of Solvay Engineered Polymers will complement Basell’s existing Polymer-based Composite Materials and Alloys (PCMA) business in North America, and by combining these businesses we will be better positioned to serve our customers in this region with products designed to meet their needs,” said Paul Yeates, President of Basell Advanced Polyolefins.
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