Boreali signed an agreement with DuPont to purchase the
company's 67% shareholding in Speciality Polymers Antwerp,
the companies confirmed on Thursday.
Speciality Polymers Antwerp, located in Zwijndrecht (Antwerp,
Belgium), is a joint venture between DuPont (67%), Borealis
Polymers N.V. and Borealis Kallo N.V. (together 33%).
"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", said Borealis CEO Mark
"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," he added.
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
The transaction is subject to approval by the relevant
competition authorities and will be presented to the employee
representatives concerned, according to company officials.