IHS Chemical Week

People & Business :: M&A

Nexeo Solutions to Form JV in China

1:46 PM MDT | March 12, 2012 | Ian Young

Chemicals and plastics distributor Nexeo Solutions (The Woodlands, TX) says it has agreed to form a joint venture in China with the shareholders of distributor Beijing PlasChem Trading Co. Existing supplier and customer relationships, inventory, and employees of Beijing PlasChem will be transferred to the jv and Nexeo will contribute capital as well as leverage its existing supplier and customer relationships. The new entity will employ more than 150 people, and extend the reach of the PlasChem business to 30 locations across most of China's provinces. The deal...

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