LyondellBasell Completes Acquisition of Solvay Engineered Polymers, Inc.
Posted on: Friday, 29 February 2008, 15:00 CST
LANSING, Mich., Feb. 29 /PRNewswire/ -- 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 LyondellBasell's 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 LyondellBasell's global polypropylene compounding strategy.
The combined North American business will be headed by Steve Dwyer, Vice President of LyondellBasell's Automotive Americas.
LyondellBasell Industries is one of the world's largest polymers, petrochemicals and fuels companies. We are the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; a significant producer of advanced fuel products; and the owner of one of North America's largest full-conversion refineries. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. Headquartered in The Netherlands, LyondellBasell (http://www.lyondellbasell.com/) is privately owned by Access Industries.
LyondellBasell Industries
CONTACT: Media, Mark Mendelson of LyondellBasell Industries,+1-302-683-8141, mark.mendelson@lyondellbasell.com
Web site: http://www.lyondellbasell.com/
Source: PRNewswire
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