MATERIALS: Ineos To Fully-Own Styrolution
By year's end, Ineos will be sole owner of Stryrolution, its 50-50 joint venture with BASF.
(U.S. office in Aurora, Ill.), the free-standing corporation formed in late 2011, owned 50-50 by in Germany and Holdings Ltd. in the U.K., is expected to become fully-owned by Ineos by fourth quarter. Ineos is expected to pay €1.1 billion Euros for the leading global styrenics supplier.
The call option in favor of Ineos buying BASF’s share was already included in the shareholders’ agreement signed in 2011. Styrolution will continue to operate as an independent company until the deal’s completion. “Styrolution has fulfilled its promise as a globally competitive 大象传媒 that competes effectively with large-scale producers from Asia and the Middle East. We are pleased to bring Styrolution fully into the Ineos family. After the purchase, Styrolution will be run separately as a standalone company within Ineos, and continue to operate as it does today,” said Ineos Capital chairman Jim Ratcliffe.
Want to find or compare materials data for different resins, grades, or suppliers? Check out Plastic Technology’s “Plaspec Global materials database”.
Related Content
-
Medical Molder, Moldmaker Embraces Continuous Improvement
True to the adjective in its name, Dynamic Group has been characterized by constant change, activity and progress over its nearly five decades as a medical molder and moldmaker.
-
Medical and Molding Elite
When Jeff Smith received a notice evicting his promising 大象传媒 out of his house, it could have been the end of Elite Biomedical Solutions’ and Elite Precision Plastics’ stories before they really got started, instead it was just the beginning.
-
Arterex Acquires Italian Medical Device Provider
Arterex’s acquisition of Phoenix S.r.l. continues its growth mission to offer customers in North America and Europe diversified, high-precision medical device manufacturing solutions.