ICI/BASF PP for acrylics swap

Journal Article · Wed Jan 27 00:00:00 EST 1993 · Chemical Week; (United States)

OSTI ID:6757043

Alperowicz, N

ICI (London) and BASF (Ludwigshafen) have announced their long-awaited polypropylene (PP) for acrylics swap deal. ICI is buying BASF's European acrylic resin business, and the German firm will acquire ICI's European PP operations. The deal is due for completion by mid-1993, subject to regulatory approvals. BASF, hitherto a small-scale PP producer, doubles capacity to 600,000 m.t./year and moves up the European PP league to number three, behind Himont and Shell. BASF, whose process is used in the plants, secures a foothold in the UK PP market, where Shell - planning a merger with Himont - is the only other producer, with 170,000 m.t./year. ICI's purchase involves BASF's Resart GmbH and Critesa SA subsidiaries, located at Mainz, Germany and near Barcelona, Spain, respectively. The business - which will add about [Brit pounds]60 million ($93 million) to ICI Acrylics [Brit pounds]300-million revenues - employs 400 people, who will transfer to ICI.

• OSTI ID: 6757043
• Journal Information: Chemical Week; (United States), Vol. 152:3; ISSN 0009-272X
• Country of Publication: United States
• Language: English

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