Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

Energy

September 14, 1993|From Times Staff and Wire Reports

Huntsman to Acquire Texaco Chemical: Huntsman Chemical Corp. said it and Australia's Consolidated Press Holdings agreed to purchase Texaco Inc.'s Texaco Chemical Co. subsidiary for $1.06 billion. The deal is expected to close Jan. 1. Huntsman also has an option to acquire half or all of Texaco's propylene oxide/MTBE plant, being built in Port Neches, Tex. The joint venture between Huntsman and Consolidated Press Holdings, owned by Kerry Packer, will be called Huntsman Corp. Utah-based Huntsman Chemical is the largest privately held U.S. chemical company and the largest U.S. producer of polystyrene, used in products ranging from toys to television cabinets.

Advertisement
Los Angeles Times Articles
|
|
|