02 March 2012 21:51 [Source: ICIS news]
HOUSTON (ICIS)--A subsidiary of Nexeo Solutions has agreed to form a joint venture with the shareholders of Beijing PlasChem Trading, the US-based distributor said on Friday.
The joint venture should reach 30 locations across most of the provinces in China, Nexeo said.
The deal should close in the second half of the year, pending regulatory approval in China.
Nexeo was created in 2011 after TPG Capital bought the distribution business of Ashland.
Beijing Plaschem distributes plastics, chemicals, agrochemicals and additives.
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