Innospec Inc. Decided to Acquire Control Stock of the US-based Chemical Company
CHEMMONITOR.COM – The US producer with the head office in Littleton, Innospec Inc. intended to buy the controlling stock from the US-based chemical company TPC Group Inc.
Innospec Inc. offered about USD 722 million, what exceeds the previous proposal estimated at USD 627.3 million in August. The proposers were American companies SK Capital Partners and First Reserve Corporation.
TPC Group Inc. is a leader in finished butadiene production, in N America. The material is utilized as raw material for synthetic rubber manufacturing.