Styron announces sale of expandable polystyrene business to Ravago
Mary Page Bailey
Styron Europe GmbH (Horgen, Switzerland; www.styron.com) and Ravago S.A. announced jointly today that they have signed a definitive agreement under which Styron’s Expandable Polystyrene (EPS) business will be sold to RP Compounds, a subsidiary of Ravago S.A., for an undisclosed sum. The sale includes the EPS manufacturing facility in Schkopau, Germany, as well as related intellectual property and the Sconapor brand. The transaction is subject to regulatory approval and completion of customary conditions. Expandable Polystyrene (EPS) is a type of plastic used to make foam insulation board and foam packaging.