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Basell has signed a stock purchase agreement to acquire Solvay Engineered Polymers (SEP), a supplier of polypropylene compounds, from Solvay. The transaction is subject to regulatory approval and 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”novistachem.com
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