Markets :: Basic Chemicals :: Petrochemicals :: Ethylene glycol
Indorama to Acquire Old World's Chemical Assets for $795 Million (updated)
7:39 AM MST | February 8, 2012 | Deepti Ramesh
Indorama Ventures (Bangkok) says it will acquire the chemical assets of Old World Industries (Northbrook, IL), including its production facility located at Clear Lake, TX, for $795 million. Old World will retain its consumer products division, including Peak antifreeze. As part of the purchase agreement, Old World will enter into a long-term glycol supply contract with Indorama for its antifreeze production in the U.S....
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