LyondllBasell Group, one of the biggest chemical industries group in the word, acquired, through its Brazilian subsidiary Basell Poliolefinas Ltda., Colortech da Amazônia Ltda., a manufacturer of color concentrates, additive masterbatches and mineral-filled compounds located in Manaus, Brazil. The share purchase agreement was signed on June 6th, 2022, and the closing of the transaction was due on September 30th, 2022. Finocchio & Ustra Sociedade de Advogados (Brazilian Law Firm) is proud to represent LyondllBasell Group in the acquisition of Colortech da Amazônia Ltda.
Finocchio & Ustra successfully carried out the entire legal process, including the preparation of the due diligence report, the preparation and negotiation of the quota purchase agreement for the purchase of 100% of the quotas, the antitrust procedure before the local authorities and the closing procedures. Colortech will continue to produce and supply its ongoing business products to its customers, and with the addition of LyondellBasell’s three other Brazilian locations, customers will be able to purchase a deeper and broader range of innovative product solutions, including compounds, colors, masterbatches, powders and engineered polymers from a single source.