Akzo Nobel has completed the divestment of its Polymerization Catalysts & Components business in the United States to Basell Polyolefins, the world’s largest producer of polypropylene and advanced polyolefin products.
The business, which includes catalyst manufacturing and other assets in Edison, New Jersey, USA, had revenues of nearly USD 60 million in 2005.
“This acquisition will strengthen our worldwide polyolefin catalyst business,” said Just Jansz, president of Basell’s Technology Business. “The Edison site has sufficient capacity to supply catalysts for the annual production of over 10 million tons of polyolefins, making it an important part of our catalyst supply chain.”
The Edison site includes assets for the production of Basell’s Avant catalysts, as well as other polyolefin catalyst systems. It also includes facilities for the preparation of custom catalyst components used in polyolefins and other specialty chemicals.
The deal is the latest in a series of divestments resulting from last year’s strategic portfolio realignment of Akzo Nobel’s Chemicals activities.