M&A Deal Summary

LyondellBasell Acquires PreZero - Mechanical Recycling Assets & Plans Operations

On February 20, 2024, LyondellBasell acquired environmental company PreZero - Mechanical Recycling Assets & Plans Operations from PreZero

Acquisition Highlights
  • This is LyondellBasell’s 2nd transaction in the Environmental sector.
  • This is LyondellBasell’s 4th transaction in the United States.
  • This is LyondellBasell’s 1st transaction in California.

M&A Deal Summary

Date 2024-02-20
Target PreZero - Mechanical Recycling Assets & Plans Operations
Sector Environmental
Buyer(s) LyondellBasell
Sellers(s) PreZero
Deal Type Divestiture

Target

PreZero - Mechanical Recycling Assets & Plans Operations

California, United States
PreZero's Mechanical Recycling Assets & Plans Operations provides rigid plastics recycling services.

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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 11 of 12
Sector (Environmental) 2 of 2
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 4 of 4
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 National Petrochemical Industrial

Yanbu, Saudi Arabia

National Petrochemical Industrial (NATPET) is a Saudi Arabian company producing a wide range of polypropylene product mix of (Homopolymers, Random & Heterophasic Copolymers) that is suitable for a wide variety of applications. National Petrochemical Industrial was founded in 2009 and is based in Yanbu, Saudi Arabia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 APK

Merseburg, Germany

APK is a provider in the production of high-quality plastics from post-industrial and post-consumer plastic waste. APK was formed in 2008 and is headquartered in Merseburg, Germany.

Buy -

Seller(S) 1

SELLER

PreZero

Jurupa Valley, California, United States

Category Company
Sector Environmental
DESCRIPTION

PreZero is a recycling and waste management service provider. . The company provides waste disposal, sorting, processing and recycling services, combining all the expertise along the value chain under one roof. PreZero is based in Jurupa Valley California.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Roplast

Oroville, California, United States

Roplast is a manufacturer of polyethylene film and bags. The film and bags are sold across the US in a variety of markets. Tha Company manufactures products designed for multiple reuse while integrating certified PCR content sourced from both internal plastic film recycling program and external sources. Roplast is proud to use business to inspire and implement solutions to the plastic waste crisis. Roplast was founded in 1989 and is based in Oroville, California.

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