M&A Deal Summary

LyondellBasell Acquires Lyondell Chemical Co.

On July 17, 2007, LyondellBasell acquired chemicals company Lyondell Chemical Co. for 19.0B USD

Acquisition Highlights
  • This is LyondellBasell’s 1st transaction in the Chemicals sector.
  • This is LyondellBasell’s largest (disclosed) transaction.
  • This is LyondellBasell’s 1st transaction in the United States.
  • This is LyondellBasell’s 1st transaction in Texas.

M&A Deal Summary

Date 2007-07-17
Target Lyondell Chemical Co.
Sector Chemicals
Buyer(s) LyondellBasell
Deal Type Add-on Acquisition
Deal Value 19.0B USD

Target

Lyondell Chemical Co.

Houston, Texas, United States
Lyondell Chemical Company is a global manufacturer of chemicals and plastics, a refiner of heavy, high-sulfur crude oil and a significant producer of fuel products. Key products include ethylene, polyethylene, styrene, propylene, propylene oxide, gasoline, ultra low-sulfur diesel, MTBE and ETBE.

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Buyer(S) 1

Buyer

LyondellBasell

Houston, Texas, United States

Category Company
Founded 2007
Sector Chemicals
Employees20,000
Revenue 40.3B USD (2024)
DESCRIPTION
LyondellBasell office in downtown Houston, Texas.
LyondellBasell office in downtown Houston, Texas.

LyondellBasell is a plastics, chemicals and refining company that produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell was founded in 2007 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 12
Sector: Chemicals M&A 1 of 9
Type: Add-on Acquisition M&A Deals 1 of 9
State: Texas M&A 1 of 2
Country: United States M&A 1 of 4
Year: 2007 M&A 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-29 Solvay Engineered Polymers

Mansfield, Texas, United States

Solvay Engineered Polymers, Inc., a supplier of polypropylene compounds in North America.

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