News Release

Styrolution to become a standalone company within INEOS


Frankfurt, Germany

Frankfurt, Germany – June 30, 2014– Styrolution, the global market leader in styrenics, is to become a wholly owned, standalone company within INEOS. Its shareholders, BASF SE and INEOS Industries Holding, signed an agreement for INEOS to acquire BASF's 50% share in Styrolution. The transaction is subject to regulatory approval by the appropriate antitrust authorities, which is expected in the fourth quarter, 2014.

Key quotes:

  • Jim Ratcliffe, Chairman, INEOS Capital: "Styrolution has fulfilled its promise as a globally competitive business that competes effectively with large-scale producers from Asia and the Middle East. We are pleased to bring Styrolution fully into the INEOS family. After the purchase Styrolution will be run separately as a standalone company within INEOS, and continue to operate as it does today."
  • Roberto Gualdoni, CEO, Styrolution: "I am happy about this outstanding sign of confidence by INEOS in the long-term prospects our business.  We take this as a further motivation to keep on delivering value, focussing on our customers and implementing our strategy with creativity and determination."