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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections