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Univar Divests Performance Polymers Business

11:19 AM MDT | July 6, 2009 | Vincent Valk

Univar's Performance Polymers Business (PPI; Leominster, Mass.) has been sold to Ravago (Arendonk, Belgium), a plastics and elastomerics production and distribution outfit, Univar says. PPI will be absorbed by Ravago's Entec Polymers (Orlando, FL) subsidiary. The size of the deal was not disclosed. PPI was founded in 1989, and became part of Univar through the Ellis & Everard acquisition in 2001. The business was sold because it "no longer fit with Univar’s growth strategy in North America," Univar...

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