Struktol - A World of Capabilities

The January Digital Edition
 
 
Home The Magazine Digital Edition Red Book Blue Book Book Store RW China Archives IEC - Expo
 
 
Celebrating 129 years of service to the Worldwide Rubber Industry
 
 
News/Markets Hotlinks Media File Chemical Suppliers Machinery Suppliers Testing Services Custom Services Community
 
  AkzoNobel Airboss VMI Group  
 
Expos - Meetings - Golf Outings
Add your event
- courtesy of AkzoNobel


Translate Page To German
Tranlate Page To Spanish
Translate Page To French
Translate Page To Italian
Translate Page To Japanese
Translate Page To Korean
Translate Page To Portuguese
Translate Page To Chinese
Click to translate

chemtrend
Firestone Polymers

HallStar - Plasticizers

Hexpol Compounding

Akrochem

Click here to read the
January issue.


Subscribe
Ringier

RubberSheetRoll
DESMA

Product Spotlight

Rubber post-curing oven
Click here for more information

A. Schulman to be acquired by LyondellBasell for $2.25 billion  

Friday, February 16, 2018

Akron, OH - LyondellBasell and A. Schulman, Inc. announced that they have entered into a definitive agreement under which LyondellBasell will acquire A. Schulman for a total consideration of $2.25 billion. The acquisition builds upon LyondellBasell's existing platform in this space to create a premier Advanced Polymer Solutions business with broad geographic reach, leading technologies and a diverse product portfolio. "The acquisition of A. Schulman is a natural extension of our current platform. This combination will allow us to provide our customers with a wider range of innovative solutions while adding the ability to serve high-growth end markets beyond the automotive sector, such as packaging and consumer products, electronics and appliances, building and construction, and agriculture," said Bob Patel, Chief Executive Officer of LyondellBasell. "By leveraging our proven approach to operational, commercial and business excellence, the combined business will create significant value for our shareholders and customers." "This transaction, which provides our shareholders with a compelling, immediate cash premium, represents the culmination of a robust assessment of strategic alternatives undertaken by our Board of Directors," said Joseph M. Gingo, Chairman, President and Chief Executive Officer of A. Schulman, Inc. "We are delighted to join forces with LyondellBasell, an industry leader we have admired for many years. LyondellBasell not only shares our commitment to meeting customers' demanding requirements, but with its scale and resources, the combined business will be better positioned to address a broader range of customer needs by integrating across applications and offering customers a wider range of solutions in attractive and growing markets. We also expect this combination to create significant opportunities for A. Schulman employees, whose professionalism and expertise will be integral to advancing LyondellBasell's vision, values and commitment to making a positive global impact." Under the terms of the agreement, LyondellBasell will acquire A. Schulman for a total consideration of $2.25 billion. LyondellBasell will purchase 100 percent of A. Schulman common stock for $42 per share in cash and one contingent value right per share and assume outstanding debt and certain other obligations. In addition, the contingent value rights generally will provide a holder with an opportunity to receive certain net proceeds, if any are recovered, from certain ongoing litigation and government investigations relating to A. Schulman's Citadel and Lucent acquisitions. LyondellBasell is using cash-on-hand to finance the acquisition. LyondellBasell expects to achieve $150 million in run-rate cost synergies within two years, primarily by leveraging its well-established approach to cost discipline and productivity, as well as its culture of operational, business and commercial excellence. Further, the acquisition is expected to be accretive to earnings within the first full year following close. The combined businesses had revenues of $4.6 billion and adjusted EBITDA of $446 million over the last 12 months. The proposed acquisition, which has been unanimously approved by the respective boards of LyondellBasell and A. Schulman, is subject to customary closing conditions, including regulatory approvals and approval by A. Schulman shareholders. The acquisition is expected to close in the second half of 2018.


twitter

CHEMICAL RESISTANCE GUIDE FOR ELASTOMERS IV
Newly updated data for more than 100,000 combinations of corrodents vs. rubber and other elastomeric compounds

Find out more.


auction
McLube
Mesgo
Vanderbilt
Barwell

AGC Chemicals
Ø Send your news/press releases
Todays Headlines


ØWeek in Review
ØSearch the News Archives
ØSign up for News - Email Updates







Zeon Zetpol
Prefered Rubber
INEOS Oligomers
Tung Yu Hydraulic
JingDay
Momentive
gomaplast
Denka
Featured Website

www.interbusinessgroup.com
Interbusiness Group is a UNI EN ISO 9001:2008 certified leader in the manufacture and distribution of INTERCUREŽ accelerators, vulcanizing agents and curing agents for special elastomers. Family-owned and founded in 1985 to cater to a niche market, we are headquartered in Milan, Italy (Interbusiness S.r.l.), with a technical operations facility in Brindisi, Italy (IB Chem S.r.l.), and a network of globally positioned independent distributors. Our sister company in New York (INTERBUSINESS U.S.A., INC.) distributes throughout North America. Interbusiness is dedicated to excellence in products and services, manufacturing efficiencies, quality systems, increasing value to our customers, and environmental protection.

Sprinter Marking
Rubber Industry Videos

Insights and Reflections from Rubber Industry Veterans 8:10

VMI - an interview with Arie Kroeze 1:32
AirBoss of America laboratory 0:42
CriSil RD Abbott
Struktol - Plastic
Additives Solutions

2:05
Gomaplast Machinery 2:15
RD Abbott Lab Technology Intro 3:15
Click here to view more industry videos


 
 
This page, and all contents, are Copyright (c) 2018 Rubber World Magazine.
This site was created by Rubber World Magazine's Electronic Publishing Division, Akron, Ohio.