Olin Acquires PolyOne's Interest in Chlor Alkali Plant
Olin has acquired PolyOne's 50% stake in US-based SunBelt Chlor Alkali Partnership for $132.3m, becoming the 100% owner of the company.
The transaction includes cash plus the assumption of PolyOne's debt.
PolyOne had an outstanding debt of $85.3m as of 31 December 2010.
The SunBelt chlor alkali plant, located in Alabama, US, has a capacity of 350,000t/year.