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.