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  • Written on 22.01.2008 - Industry
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Solvay sells polypropylene compounding activity to Basell

Solvay announces that it has signed a Stock Purchase Agreement with Basell to sell the latter 100 % of its subsidiary Solvay Engineered Polymers (SEP), a supplier of polypropylene compounds. Pending relevant regulatory approval, the transaction is expected to be completed early in 2008.

SEP, which is active in the North American Free Trade Agreement (NAFTA) region, has operations in Mansfield and Grand Prairie, Texas, as well as in Auburn Hills, Michigan. The company is also represented in Europe and China through sales offices. The annual sales of SEP account for less than 2% of the turnover of the Solvay group.

Solvay develops and manufactures specialty polymers. The strategic fit of SEP's polypropylene compounding activities has become limited within Solvay's Plastics Sector because, among other reasons, the Group completed the divestiture of its polypropylene resin production in 2001.


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