Mayer Brown represented international chemical group Solvay in its acquisition of the Ryton® PPS (polyphenylene sulphide) business from US-based petrochemical company Chevron Phillips Chemical Company for $220 million. Ryton® PPS replaces metal parts to make cars lighter and more energy efficient. The transaction expands Solvay’s offering of high-performance polymers.
The Mayer Brown team included Corporate & Securities partner David Carpenter and associate Colin Carley (both New York); Environmental partner Mark Ter Molen (Chicago); Intellectual Property partner Melissa Anyetei (Chicago); Employment & Benefits partner Debra Hoffman (Chicago); and Tax Transactions & Consulting counsel Charles-Albert Helleputte (Brussels). The team also represents lawyers from the firm’s Antitrust & Competition, Corporate & Securities, Business & Technology Sourcing, Employment & Benefits, Environmental, Intellectual Property, Real Estate and Tax Transactions & Consulting practices, as well as lawyers from Mayer Brown’s Brussels, Chicago, Houston, New York and Washington DC offices.