Oxiteno closes on acquisition of Uruguay American Chemical

01 November 2012 22:31  [Source: ICIS news]

HOUSTON (ICIS)--Oxiteno has closed on its $74m (€57m) acquisition of Uruguay-based American Chemical, the Brazil-based company said on Thursday.

American Chemical owns a chemical plant in the Uruguayan capital of Montevideo, with a production capacity of 81,000 tonnes of chemicals used for home, personal care and leather industries.

Oxiteno is the only Brazilian producer of ethylene oxide (EO), ethylene glycol (EG), ethanolamines, glycol ethers and methyl ethyl ketone (MEK).

The company is a subsidiary of Ultrapar.

($1 = €0.77)

By: Al Greenwood
+1 713 525 2645

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