Announced
Completed
Financials
Sources
Tags
Completed
Private
Single Bidder
Majority
Germany
Specialty Chemicals
Cross Border
chemicals
Acquisition
Friendly
Synopsis
Ravago, a Belgian chemicals, materials and industrial products provider, completed the acquisition of seven styrofoam plants from DuPont, a Germany chemical giant. Financial terms were not disclosed. "Based on the European XPS business' historical investment profile, our company believes the business is better suited for Ravago. This strategic adjustment was made in order to prepare for the intended spin of three independent companies and to ensure these future companies are setup for success," DuPont spokesman.
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