Ineos Takes Control of Paraffins Unit

Ineos has agreed to increase its stake in Ineos Asiatic Chemical Co. (IACC; Bangpoo, Thailand) from 60%, to 100%, by purchasing the share of East Asiatic Thailand Public Co. (EACT; Bangkok). The deal is expected to close by the end of next month. IACC produces chlorinated paraffins and other blended products, and has sales of €9 million/year ($13 million). Ineos plans to grow the business substantially and has started debottlenecking IACC’s paraffins capacity. EACT, part of EAC Industrial Ingredients Group (Copenhagen), will focus on its industrial...

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