IHS Chemical Week

Regions :: South America :: Brazil

Braskem, Quattor Confirm Talks of Possible Alliance

3:06 PM MDT | September 4, 2009 | Kara Sissell and Rebecca Coons

Braskem and Quattor have confirmed they are in the initial stages of discussing a possible merger, giving rise to the possibility of the new entity having a monopoly in domestic thermoplastic resins production. It would also be the second largest resin producer in the Americas. Braskem—which issued a statement confirming the talks after Brazilian media reports disclosed the discussions—says it is in talks with Quattor’s shareholders “aimed at identifying potential opportunities for a strategic business alliance.” However, Braskem...

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