IHS Chemical Week

Markets :: Plastics :: Polypropylene

Braskem Buys Dow's Polypropylene Business for $340 Million; Eyes Further Investments in the Americas

3:08 PM MDT | July 27, 2011 | Lindsey Bewley

Dow Chemical says it will sell its global polypropylene (PP) business to Braskem for $340 million. The divestiture includes Dow’s PP manufacturing facilities at Schkopau and Wesseling, Germany, and Freeport and Seadrift, TX. Also included are inventory, business know-how, certain product and process technology and customer contracts and lists. The deal comprises of $323 million in plus other cash and contingency assumptions of $17 million. Enterprise value multiple to Dow is 6.7x Ebitda. Dow expects to report a gain on the sale, and the...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa