- LyondellBasell to acquire Mepol Group, including subsidiaries in Italy and Poland.
- The transaction is subject to regulatory approval and customary closing conditions.
- Mepol Group will continue to operate independently until the deal closes.
- LyondellBasell is developing new recycling plants in Houston, Germany, China, and India.
Acquisition Announcement
LyondellBasell has entered into a definitive agreement to acquire Mepol Group, a manufacturer of recycled, high-performing technical compounds with facilities in Italy and Poland. The acquisition includes Mepol S.r.l. and its subsidiaries Polar S.r.l. and Industrial Technology Investments Poland Sp.z.o.o.
Strategic Goals
This acquisition aims to advance LyondellBasell's commitment to the circular economy. By combining Mepol Group's expertise in sustainable compounds with LyondellBasell's scale, the company plans to enhance its CirculenRecover and other sustainable solutions for customers.
Regulatory Approval
The transaction is subject to regulatory approval and other customary closing conditions. During this period, Mepol Group will continue to operate on a standalone basis.
Ongoing Projects
LyondellBasell is actively pioneering circular and low carbon solutions. The company began engineering work for a new advanced recycling plant at its Wesseling, Germany site in November last year. Additionally, LyondellBasell has existing mechanical recycling facilities in the Netherlands and Belgium and is developing new plastic waste sorting and recycling plants in Houston, Germany, China, and India.
Advisors
Jones Day and Wardynski & Partners served as LyondellBasell's legal advisors on the transaction. Special Affairs S.r.l. served as Mepol Group's financial advisor, and Gitti & Partners acted as its legal advisor.
