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Mexico's Alpek buys styrenics business of Canada's Nova Chemicals

Mexican petrochemical company Alpek, a unit of conglomerate Alfa, has purchased 100% of Canadian plastics company Nova Chemicals' [INPTVN.UL] styrenics business, the company said in a statement on Monday.

Adds details from statement

MEXICO CITY, Oct 19 (Reuters) - Mexican petrochemical company Alpek ALPEKA.MX, a unit of conglomerate Alfa ALFAA.MX, has purchased 100% of Canadian plastics company Nova Chemicals' INPTVN.UL styrenics business, the company said in a statement on Monday.

Alpek did not disclose the purchase amount for Nova Chemicals' BVPV Styrenics LLC, which owns and operates plants in the U.S. states of Pennsylvania and Ohio.

The company said it expects the purchase to be finalized in the fourth quarter.

(Reporting by Noe Torres in Mexico City Editing by David Alire Garcia and Matthew Lewis)

((david.aliregarcia@thomsonreuters.com; +52 55 5282 7151; Reuters Messaging: david.aliregarcia.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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