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The LyondellBasell acquisition of A. Schulman Inc. is complete. The acquisition more than doubles LyondellBasell's existing compounding business and broadens the company's reach into growing, high-margin end markets such as automotive, construction materials, electronic goods and packaging. The combined business will operate as a stand-alone Advanced Polymer Solutions reporting segment. In addition to LyondellBasell's existing polypropylene compounding assets and the A. Schulman assets, the segment will include:

  • Catalloy thermoplastic resins — polymers that combine the advantages of polyolefins and elastomers, offering customers durable and flexible products for the automotive, packaging and construction industries.
  • Polybutene-1 resins — plastics that offer a combination of temperature resistance and strength and are used in modern water pipes, construction materials and re-closeable packaging.

New to LyondellBasell's product portfolio are several materials previously manufactured by A. Schulman that will also be included in the Advanced Polymer Solutions segment going forward:

  • Engineered composites — lightweight, strong materials that are used in infrastructure, aerospace and automotive applications such as headlamps.
  • Powders — specialty particle materials used in coatings, rotational molding, toll compounding and other technical applications.
  • Masterbatches — coloring and additive materials used in the production of paper, paint and plastic goods around the world.

The acquisition was aided by:

  • Shearman & Sterling LLP, which served as LyondellBasell's legal counsel during the acquisition.
  • P. Morgan and Dyal Co. LLC, which served as its co-financial advisers.
  • Skadden, Arps, Slate, Meagher & Flom LLP, which served as A. Schulman's legal counsel.
  • Citigroup Global Markets Inc., which served as its financial adviser.

Feeling out of the loop? Look back at our earlier coverage to see where it all started.