Bain Capital Completes Acquisition of Dow’s Styron

Dow Chemical has completed the sale of its styrenics unit, Styron, to Bain Capital (Boston) for $1.63 billion. The deal includes Dow’s styrene-butadiene latex, styrene-butadiene rubber, polycarbonate, acrylonitrile butadiene styrene/styrene acrylonitrile resins, expandable polystyrene, polystyrene and styrene monomer units. Styron posted 2009 revenues of $3.7 billion with 20 manufacturing sites and 1,900 employees based in 30 countries. Also included in the deal are several long-term supply, service and purchase agreements valued at about $400 million, sources...

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