BASF Completes Purchase of Sunoco Inc. Plasticizer Unit
MOUNT OLIVE, NJ - BASF has completed its acquisition of Sunoco Inc.'s phthalate plasticizer business, a purchase that includes Sunoco's Pasadena, TX, site, its phthalic anhydride and oxo alcohol manufacturing plants, and the phthalate esters, 2-ethylhexanol, and phthalic anhydride businesses.
BASF said the purchase price was $91 million; the unit had sales of approximately $150 million in 2002. Sunoco's Neville Island, PA, site is not being acquired but will manufacture plasticizers for BASF under a tolling agreement.