People & Business :: Companies
Chemical Finance Digest, Feb. 6-10
3:52 PM MST | February 13, 2012 | Vincent Valk
Topping the headlines last week, Indorama Ventures has agreed to acquire the chemical assets of Old World Industries for $795 million. The assets include the largest ethylene oxide/ethylene glycol production facility in the U.S. at Clear Lake, TX. In earnings news, commodity firms, including Dow Chemical and Celanese, reported often-disappointing results due to destocking and European economic weakness. LyondellBasell also swung to a loss on destocking. Specialty firms, meanwhile, generally beat analyst expectations. In other M&A news, Mexichem...
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