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Nova Chemicals Sells Styrenics Business

7:20 AM MDT | May 10, 2012 | Lindsey Bewley

Nova Chemicals says it will sell its performance styrenics business to insulated building materials maker PFB Corp (Calgary, AB). Financial details were not disclosed. The deal also includes Nova acquiring an equity stake in PFB and holding two seats on PFB’s board of directors following closing. Robert Snyder, v.p./performance styrenics for Nova Chemicals, will join PFB as COO.   “We are excited about the combined company’s dedicated focus on the growth and development of EPS resins, and their use in building insulation, protective...

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