Posted in | News | Business | Rubber and Elastomer

BP Agree to Sell Their Global Specialty Products Business

Apr 5 2004

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BP announced today that it has agreed to sell its global special products business to H&R Wasag AG, a speciality chemicals group listed on the Frankfurt stock exchange.

The deal follows H&R Wasag's purchase of BP's European Special Products business which was completed earlier this year.

Subject to a number of approvals, H&R Wasag will acquire BP's remaining special products production, distribution and sales activities in South Africa, Australasia, SE Asia, North America and the UK.

The two parties said that they hoped to complete the transaction on July 1, 2004.

Special products include waxes, process oils and rubber additives.

For more information on additives, click here.

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