LyondellBasell (LYB) to Acquire APK AG Recycling Technology
LYBLyondellBasell(LYB) ZACKS·2024-08-23 19:50

LyondellBasell Industries N.V. (LYB) announced that it has signed an agreement to purchase full ownership of APK AG in Merseburg, Germany. The acquisition enables LYB to grow and update its Circular and Low Carbon Solutions business, owing to its technology. The transaction's closing is subject to customary closing conditions. LYB expects APK's solvent-based recycling technology to complement its existing mechanical and sophisticated recycling technologies. As a result, it has already invested in the compan ...