LyondellBasell seeks compound growth with A. Schulman acquisition

Petrochemical giant LyondellBasell Industries has agreed to purchase the plastics compounding specialist A. Schulman for $2.25 billion. The US compounder posted sales of $2.5bn during the 12-month period ending in November, while LyondellBasell has annual sales of $34.5bn. In addition to LyondellBasell’s polyethylene and polypropylene business, the company also has a compounding business with $2.1bn…