Alpek acquires Nova Chemicals' styrenics business
Mexican petrochemical company Alpek purchased 100% of Nova Chemicals' styrenics business, BVPV Styrenics LLC, which operates plants in Pennsylvania and Ohio. The deal is expected to close in Q4 2020.
Capacity
123,000 tons EPS, 36,000 tons ARCEL, 45,000 tons EPS
Productsexpandable polystyrene (EPS)ARCEL
“This acquisition is both attractive from a financial perspective as well as fully aligned with Alpek’s long-term growth strategy.”reuters.com
- 4 sources
- reuters.comMexico's Alpek buys styrenics business of Canada's Nova ChemicalsOct 19, 2020
- alpek.comAlpek signs agreement to acquire NOVA Chemicals’ styrenics business | AlpekOct 19, 2020
- chemorbis.comAlpek signs deal to buy NOVA’s EPS business in US | ChemOrbisChemOrbis Editorial TeamOct 19, 2020
- plastics-technology.comPress releasesOct 20, 2020
Summarized from public sources; check the original articles before acting on it.
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