Alpek will acquire all of Polioles’ EPS business activities, including its EPS production site in Altamira, Mexico. In parallel, BASF will acquire Polioles’ PU business activities, including selected assets in its Lerma facility as well as all marketing and selling rights for PU systems, isocyanates and polyols.
Upon completion of the transaction, Polioles will continue operations as an Alpek-BASF joint venture with a product portfolio comprising industrial and specialty chemicals.
Under the agreements, Alpek will also acquire BASF’s EPS business activities in North and South America, including:
SF’s EPS foam parts business in Chile (Aislapol SA).
All agreements are subject to approval by the appropriate authorities. Closing of the transaction is expected by early 2015. Financial terms of the agreement were not disclosed.
Source: BASF
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