# 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.

- Type: Acquisition
- Announced: 2020-10-19
- Where: Pennsylvania and Ohio, United States
- Status: announced
- Capacity: 123,000 tons EPS, 36,000 tons ARCEL, 45,000 tons EPS
- Products: expandable polystyrene (EPS), ARCEL
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [NOVA Chemicals](https://endata.com/companies/2940.md) (partner)
- [NOVA Chemicals](https://endata.com/companies/2940.md) (target)
- [Alpek](https://endata.com/companies/4456.md) (acquirer)
- [BVPV Styrenics LLC](https://endata.com/companies/50606.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/mexico-alpek/update-1-mexicos-alpek-buys-styrenics-business-of-canadas-nova-chemicals-idUSL1N2HA0U5/), 2020-10-19: "This acquisition is both attractive from a financial perspective as well as fully aligned with Alpek’s long-term growth strategy."
- [alpek.com](https://www.alpek.com/press-release-alpek-signs-agreement-acquisition-styrenics-business/), 2020-10-19: "This acquisition is both attractive from a financial perspective as well as fully aligned with Alpek’s long-term growth strategy."
- [chemorbis.com](https://www.chemorbis.com/en/plastics-news/Alpek-signs-deal-to-buy-NOVA-s-EPS-business-in-US/2020/10/20/801470), 2020-10-19: "Mexican Alpek announced in a press release that one of its subsidiaries has signed an agreement with NOVA Chemicals Corporation to acquire their expandable styrenics business in the US."
- [plastics-technology.com](https://www.plastics-technology.com/pressreleases/nova-chemicals-signs-agreement-to-sell-its-expandable-styrenics-business-to-alpek), 2020-10-20: "This transaction provides us with immediate cash generation to further strengthen our balance sheet and focus on the safe and successful completion and start-up of our, world-class Advanced SCLAIRTECH™ technology facility under construction in Ontario, Canada."

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