Borden Chemicals and Plastics Operating Limited Partnership announced that the U.S. Bankruptcy Court for the District of Delaware has approved the sale of BCP's Geismar, LA, polyvinyl chloride (PVC) facility to Geismar Vinyls, an affiliate of The Westlake Group, for $5 million in cash plus a promissory note for up to $4 million, depending on the earnings performance of the assets. (Acquisitions, Expansions).

Borden Chemicals and Plastics Operating Limited Partnership announced that the U.S. Bankruptcy Court for the District of Delaware has approved the sale of BCP's Geismar, LA, polyvinyl chloride (PVC) facility to Geismar Vinyls, an affiliate of The Westlake Group, for $5 million in cash plus a promissory note for up to $4 million, depending on the earnings performance of the assets. Under the sale agreement, Geismar Vinyls will acquire BCP's 575 million lb./year Geismar PVC resins plant, a 650 million lb./year ethylene-based vinyl chloride monomer feedstock plant and certain related assets. The Westlake Group, headquartered in Houston, TX, is a privately held supplier of vinyls, olefins, plastics and fabricated products to the international marketplace.