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Mergers & Acquisitions

SK to buy Baker Hughes polymer unit

by Alexander H. Tullo
August 2, 2020 | A version of this story appeared in Volume 98, Issue 30

 

The private equity firm SK Capital is purchasing the specialty polymers business of the oil-field services and chemical firm Baker Hughes. The business operates a plant in Barnsdall, Oklahoma, making low-molecular-weight olefin polymers such as high-melting-point polyethylene waxes. Applications include candles, plastic additives, adhesives, and personal care. The business should be an independent company by year’s end.

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