German chemicals giant, Bayer, will buy the plastics business of Lyondell Chemical for $2.45 billion
By Staff -- Purchasing, 12/16/1999 7:00:00 AM
German chemicals giant, Bayer, will buy the plastics business of Lyondell Chemical for $2.45 billion. The deal will strengthen Bayer's core polymers business. It will include an alliance with Lyondell to combine technology and production of propylene oxide, a key raw material in production of plastics. The acquisition includes three U.S. and two European production plants. Closing of the transaction, subject to U.S. and European antitrust clearance, is expected to occur in first half 2000.
Now Playing:
Talkback
Bayer lifts force majeure in the U.S.
11/19/2008Bayer expands output as global demand soars
06/01/2000ExxonMobil, SABIC team up on rubber JV
11/19/2008Business Intelligence - Chemicals
08/16/2007
Sponsored Links
