Issue Date: July 16, 2007
PolyOne Unloads OxyVinyls Stake
Plastics compounding company PolyOne has sold its 24% stake in OxyVinyls to its partner, Occidental Chemical, for $261 million in cash. With the transaction, OxyChem will become the sole owner of the second-largest polyvinyl chloride resins business in North America. PolyOne will retain PVC supply agreements with OxyVinyls that are set to expire in 2024. It will also acquire OxyChem's 10% interest in a PVC powder blends joint venture. OxyChem and PolyOne predecessor Geon formed the OxyVinyls joint venture in 1999.
- Chemical & Engineering News
- ISSN 0009-2347
- Copyright © American Chemical Society