SK Innovation acquires Dow Chemical's ethylene acrylic acid business
SEOUL, Feb 2 (Reuters) - South Korea's SK Innovation said on Thursday it will acquire Dow Chemical Co's ethylene acrylic acid (EAA) business in a bid to boost its efforts to lead high-value added chemical markets.
SK Global Chemical Co Ltd, a unit of SK Innovation, signed the acquisition deal worth $370 million, SK Innovation said in a filing to the stock exchange.
Under the deal, SK Global Chemical will take over Dow Chemical-owned assets and the EAA business in the United States and Spain, the company said.
(Reporting by Jane Chung; Editing by Stephen Coates)
Terms and Privacy Policy