RP Compounds To Acquire Styron Europe's Expandable Polystyrene Business

Ravago to acquire Styron’s expandable polystyrene business

5:37 AM, 20th July 2013
German Business News
Chris Pappas, President and CEO, Styron.

BERWYN, US/ARENDONK, BELGIUM: RP Compounds, a subsidiary of Ravago SA, will purchase expandable polystyrene (EPS) business of Styron Europe GmbH. The financial details were not disclosed. The sale includes the EPS manufacturing facility in Schkopau, Germany, as well as related intellectual property and the SCONAPOR brand. The transaction is subject to regulatory approval and completion of customary conditions.

“The sale of the EPS business is in line with our strategic portfolio management to refine Styron’s portfolio of businesses. The EPS business will be a stronger fit for Ravago, as they are strategically committed to growing in this area,” Chris Pappas, President and CEO, Styron.

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