# Sinochem International to acquire ELIX Polymers for EUR 144 million

Sinochem International, through a Singaporean unit, will acquire a 75.9% stake in Spain's ELIX Polymers for EUR 144 million from Global Arlington, gaining its ABS and modified plastics technology, with plans to set up plants in eastern China.

- Type: Acquisition
- Announced: 2018-10-16
- Where: Tarragona, Spain, Spain
- Value: $166.8M (144.0M EUR)
- Status: announced
- Capacity: 180,000 tonnes/year
- Products: ABS resins, modified plastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Sun European Partners](https://endata.com/companies/3040.md) (partner)
- [Sinochem International](https://endata.com/companies/28738.md) (acquirer)
- [ELIX Polymers](https://endata.com/companies/32349.md) (target)
- [Global Arlington](https://endata.com/companies/34914.md) (target)

## Sources

- [www2.yicaiglobal.com](https://www2.yicaiglobal.com/news/sinochem-international-to-buy-spain-elix-polymers-for-plastics-tech), 2018-10-16: "Sinochem International, part of one of China's four big state oil companies, will acquire ELIX Polymers for EUR144 million (USD166.8 million) with the aim of introducing to China the Spanish engineering plastics maker's patented technology for acrylonitrile butadiene styrene polymer."
- [plasticsandrubberasia.cn](https://www.plasticsandrubberasia.cn/en/news/elix-polymers-sold-to-sinochem-for-eur195-mn-nordson-acquires-clada-medical-devices/), 2018-11-26: "Private equity firm Sun European Partners...has sold Elix Polymers...to Beijing-based chemical giant Sinochem International for an enterprise value of EUR195 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.