19 July 2013
Details
Styron Europe GmbH and Ravago S.A.
announced jointly today that
they have signed a definitive agreement under which
Styron's Expandable Polystyrene (EPS) Business
will be sold to RP compounds,
a subsidiary of Ravago S.A.
The sale includes the
* EPS manufacturing facility in
Schkopau, Germany as well as
* intellectual property and
* brand name.
EPS is a plastic used to make
foam insulation board and foam packaging.
Styron
Chris Pappas, President and CEO
- The sale of the EPS business is in line with our
strategic portfolio management to
refine Styron's portfolio of businesses.
- The EPS business will be a stronger fit for Ravago,
as they are strategically committed to growing in this area.
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