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Borealis Completes Melamine Acquisition

1:49 PM MDT | August 27, 2007 | Chemical Week Editorial Staff

Taylor: Developing a ‘second leg.’ Borealis completed the previously announced acquisition earlier this month of Agrolinz Melamine International (AMI; Linz, Austria). AMI, Europe’s biggest producer of melamine, will retain its corporate identity. OMV (Vienna) and International Petroleum Investment Co. (Abu Dhabi), the joint owners of Borealis, were also the owners of AMI. The acquisition is “the first step to developing a second leg for our company, beyond our core olefins and polyolefins business,” Borealis CEO John Taylor recently...

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