PolyOne Unloads OxyVinyls Stake | Chemical & Engineering News
Volume 85 Issue 29 | p. 16 | Concentrates
Issue Date: July 16, 2007

PolyOne Unloads OxyVinyls Stake

Department: Business | Collection: Economy

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.

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