909 Fannin Street, Suite 2630,
Houston, Texas 77010-1003
PL Propylene purchased Exxon Mobil's Houston Olefins Plant and is converting it into an on-purpose propylene plant in Houston, Texas. The plant will convert propane into propylene and be the largest propane dehydrogenation plant in the world. Located on the Houston Ship Channel, the plant will be in close proximity to one third of the U.S. propylene consumption and the largest global exchange point of propane.
PL Propylene was acquired by Lindsay Goldberg on November 14, 2018.
Join Mergr to view all 178 acquisitions of distribution companies in 2008, including 38 acquisitions by private equity firms, and 140 by strategics.
Out of 60 sectors in the Mergr database, distribution ranked 7 in number of deals in 2008. The largest distribution acquisition in 2008 was Performance Food Group - which was acquired by Quilvest Private Equity for $1.4B.
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