# LyondellBasell completes acquisition of Schulman for $2.25B

LyondellBasell completed the acquisition of Schulman, a supplier of high-performance plastic blends, composites and powders, for $2.25 billion. The combined business creates a compounding giant with $4.6 billion in revenue.

- Type: Acquisition
- Announced: 2024-01-15
- Where: Fairlawn, Ohio, United States
- Value: $2.25B
- Status: completed
- Products: high-performance plastic blends, composites, powders
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LyondellBasell Industries NV](https://endata.com/companies/21448.md) (acquirer)
- [Schulman](https://endata.com/companies/74986.md) (target)

## Sources

- [haythink.com](https://www.haythink.com/lyondellbasell-industries-completes-acquisition-of-schulman-aschulman-a-manufacturer-of-high-performance-plastic-blends-composites-and-powders/), 2024-01-15: "This acquisition builds on our complementary strengths, creates a substantial value proposition for our customers, and positions the company's future development in this area."

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