IHS Chemical Week

Markets :: Plastics :: Polystyrene

BASF and Ineos Combine Styrenics Businesses into a $6.6-Billion Company

6:21 AM MST | December 1, 2010 | Natasha Alperowicz

BASF and Ineos announced today that they have agreed to to combine their global styrenics operations into a new equally owned joint venture, Styrolution whose combine sales will be in excess of €5 billion ($6.6 billion)/year. The new company will be based at Frankfurt and will be headed by Roberto Gualdoni, currently a BASF employee. Christoph de la Camp, will be the CFO. He is currently the CFO of Ineos Nova.  BASF says it will receive cash consideration following the completion of the transaction, which is subject to approvals by antitrust...

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