Brazil - Braskem buying sunoco`s polypropylene business for $350 million
Brazilian plastics giant Braskem SA has made a major move into the North American market, buying the polypropylene business of Sunoco Inc. for $350 million in cash.
Sunoco, Inc. said today that it has completed the previously announced sale of its retail heating oil and propane distribution business to Superior Plus Corp. for approximately $86 million, including working capital.