LyondellBasell completes acquisition of Solvay Engineered Polymers, Inc.
LyondellBasell Industries, a global leader in polymers, chemicals and fuels, announced today that it has completed the acquisition of Solvay Engineered Polymers, Inc., a leading supplier of polypropylene compounds in North America.
The acquisition of Solvay Engineered Polymers clearly demonstrates our commitment to support our automotive OEM and Tier I customers with high performance products and innovative solutions, said Paul Yeates, Senior Vice President of LyondellBasells Advanced Polyolefins Business. The integration of the two businesses will provide our customers with a broader product portfolio and expanded customer support and application capabilities.
Yeates added that strengthening our capabilities in North America is a significant step to further developing LyondellBasells global polypropylene compounding strategy.
The combined North American business will be headed by Steve Dwyer, Vice President of LyondellBasells Automotive Americas.
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Source: Unipack.Ru
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