M&A Deal Summary

LyondellBasell Acquires Lyondell Chemical

On July 17, 2007, LyondellBasell acquired chemicals company Lyondell Chemical 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
Sector Chemicals
Buyer(s) LyondellBasell
Deal Type Add-on Acquisition
Deal Value 19.0B USD

Target

Lyondell Chemical

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 1955
Sector Chemicals
Employees20,000
Revenue 41.1B USD (2023)
DESCRIPTION
LyondellBasell office in downtown Houston, Texas.
LyondellBasell office in downtown Houston, Texas.

LyondellBasell is a large plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell 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 sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies. LyondellBasell Industries was founded in 1955 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 12
Sector (Chemicals) 1 of 9
Type (Add-on Acquisition) 1 of 9
State (Texas) 1 of 2
Country (United States) 1 of 4
Year (2007) 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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