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Arco Chemical.

Arco Chemical has completed the divestitures required by the Federal Trade Commission and has begun to integrate the worldwide polyols business acquired from Union Carbide Chemicals and Plastics in September, 1990. The divestitures under the consent agreement included the sale of the propylene glycol business located at South Charleston acquired from Union Carbide and the sale of the polyols toll and related assets located in Conroe, TX, acquired in 1987 from Texaco. The businesses Arco retains includes Union Carbide's production facilities and other assets for polyol production at the South Charleston and Institute plants in West Virginia, related laboratory and product application equipment, associated technology and related domestic support functions and certain personnel to support foreign operations. In September, Arco formally complied with the terms of the consent agreement by divesting the required assets to Eastman Chemical, a division of Eastman Kodak.
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Title Annotation:completes Federal Trade Commission-required divestiture of propylene glycol assets
Publication:Rubber World
Article Type:Brief Article
Date:Oct 1, 1991
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