Speciality Polymers Antwerp N.V. site in Zwijndrecht, Belgium. Credit: DuPont 2012
Borealis has acquired full ownership of Speciality Polymers Antwerp, after it bought DuPont’s share in the joint venture for an undisclosed sum.
Speciality Polymers Antwerp N.V., located in Zwijndrecht, Antwerp, is a joint venture between DuPont Holding Netherlands B.V. (67 percent), Borealis Polymers N.V. and Borealis Kallo N.V. (together 33 percent).
“The acquisition of the full ownership of Speciality Polymers Antwerp is in line with our strategy to grow our polyolefin business in specific market areas,” commented Mark Garrett, Borealis Chief Executive. “Acrylate copolymers, which are part of a broader portfolio of specialty polymers produced at Speciality Polymers Antwerp, are an important building block for our value-added products sold into our core Energy and Infrastructure market.”
Under the proposed arrangement, DuPont will continue to serve the market with ethylene vinyl acetate (EVA) and acrylate copolymers produced at the Speciality Polymers Antwerp facility.
The transaction is subject to approval by the relevant competition authorities and will be presented to the employee representatives concerned.