Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Petrochemicals

KKR makes another Asian purchase

by Alexander H. Tullo
September 7, 2018 | A version of this story appeared in Volume 96, Issue 36

 

The private equity firm KKR is acquiring the petrochemicals business of the Indian polyester producer JBF Industries. The main asset involved is a plant JBF is building in Mangalore, India, to make purified terephthalic acid, a polyester raw material. As part of the deal, KKR will assume $465 million in JBF debt. KKR has owned a 20% stake in JBF since 2015. In July, KKR inked an agreement to acquire the Taiwanese elastomer producer LCY Chemical for $1.5 billion.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.