Basell buys Slovay’s PP
Basell Holding has acquired Slovay Engineered Polymers, a major polypropylene compounder, for an undisclosed price.
Slovay, based in Mansfield and operates a plant at 1201 Avenue H East in Grand Prairie, produces about 200 million pounds of polypropylene compounds primarily for the automotive market.
Basell is based in Hoofddorp, the Netherlands, with North American headquarters in Elkton, Maryland. It ranks as the world’s larges polypropylene maker with more than 12 billion pounds of annual capacity.
