LyondellBasell in $2.25bn deal to buy A. Schulman

 Rotterdam, Netherlands – In a major global plastics materials deal, LyondellBasell Industries is acquiring A. Schulman Inc. for $2.25bn (€1.79bn).

LBI — based in Houston and London — is one of the world’s largest producers of olefins and polyolefins, including polypropylene and polyethylene resins. Fairlawn, Ohio-based Schulman is a leading compounder and concentrates maker in North America and Europe and also ranks as one of Europe’s largest resin distributors.

In a 15 Feb news release, LBI officials said that…

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