Altivia Petrochemicals signs a definitive agreement to acquire all of Haverhill Chemicals' assets for the company’s phenol, acetone, alpha-methylstyrene (AMS) and bisphenol-A (BPA) businesses. The facilities, formerly operated by Sunoco, are located on the banks of the Ohio River in Haverhill, Ohio. Haverhill Chemicals filed for relief under Chapter 11 of the U.S. Bankruptcy Code on September 19. Closing of the transaction, which is subject to approval, is expected in October.
The chemicals produced at the Haverhill facilities are intermediates utilized in the production of phenolic resins, epoxies, polycarbonates, paints and coatings, pharmaceuticals, acrylics and heat resistant polymers.
According to Altivia, entering this business will provide the company opportunities to participate in commodity products controlled by global players. The businesses’ location provides a geographical advantage to the supply chain of its customer base.
For more information, visit: www.altivia.com