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.
