31 October 2016
READ MORE SBC, STYRENE BUTADIENE COPOLYMERS
DETAILS
- INEOS Styrolution’s first acquisition
substantiates its Triple Shift growth strategy - Enhanced global footprint with
SBC manufacturing sites in all regions - Customers across the globe will benefit
from the broadest selection of
SBC specialty grades and
development capabilities in the industry
the global leader in styrenics, announced today
that it signed an acquisition agreement
styrene-butadiene copolymers (SBC) business of
Chevron Phillips Chemical Company LLC
(Chevron Phillips Chemical) and
the current joint venture owners.
The parties have agreed not to disclose
the intended purchase price
or any other financial details.
The transaction, subject to customary closing conditions
and regulatory approvals, includes
* the purchase of the equity interests of
K R Copolymer Co. Ltd. (KRCC),
* K-Resin® SBC intellectual property
* and other assets related to the SBC business.
This acquisition, once completed, will allow
INEOS Styrolution to supply its customers
from production sites
in the Americas, EMEA and Asia Pacific.
The acquisition underlines
INEOS Styrolution’s commitment to its
“Triple Shift” growth strategy
with a strong dedication to
its styrenic specialties business,
well-balanced split across all focus industries
and improved global presence.
READ MORE FROM INEOS STYROLUTION
CONTACT
Christine Schönfelder
Vice President Corporate Communications,
Investor Relations,
Advocacy and Change Management
INEOS Styrolution Group GmbH
Erlenstrasse 2 60325
Frankfurt Germany
Phone: +49 69 509550 1024
Email: christine.schoenfelder@styrolution.com
Internet: www.ineos-styrolution.com
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