www.pcimag.com/articles/84539-bayer-completes-lyondell-polyols-acquisition
Bayer Completes Lyondell Polyols Acquisition
April 24, 2000
Lyondell Chemical completed the sale of its worldwide polyols business and an equity stake in its U.S. propylene oxide business to Bayer AG for $2.5 billion.
HOUSTON — Lyondell Chemical Co. completed the sale of its worldwide polyols business and an equity stake in its U.S. propylene oxide business to Bayer AG for $2.5 billion. Bayer said the acquisition makes it the world’s biggest supplier of polyurethane raw materials, with more than one-fourth of the world market.
HOUSTON — Lyondell Chemical Co. completed the sale of its worldwide polyols business and an equity stake in its U.S. propylene oxide business to Bayer AG for $2.5 billion. Bayer said the acquisition makes it the world’s biggest supplier of polyurethane raw materials, with more than one-fourth of the world market.
The acquisition includes Lyondell’s U.S. polyol manufacturing plants in Institute and South Charleston, WV, and Channelview, TX; European facilities in Belgium and France; and business units in Indonesia, Taiwan and Singapore. The polyol facilities possess annual production capacity of approximately 700,000 tons. Bayer also has acquired research centers in Newtown Square, PA; South Charleston; France; and Singapore.
