BP Sells Businesses Worth $150 MM in Sales

Chemical Market Reporter, June, 1998 by MILMO, SEAN

BP CHEMICALS is selling its chemical distribution businesses in the UK, Germany and Italy, as well as in Australia and New Zealand, to Internatio-Mueller NW. The deal involves three BP specialty chemical distributors in Europe-Honeywell & Stein, Sutton, UK; Otto Aldag, Hamburg, Germany; and B.H.

Schilling, Milan, Italy. BP Chemicals ANZ, which distributes industrial chemicals from several locations across Australasia, is also being sold. The consolidated revenue of all the businesses amounted to $150 million in 1997. "BP Chemicals is focusing increasingly on petrochemical manufacturing," says John Robinson, a BP Chemicals director. "The distribution businesses we have sold make an excellent fit with Internatio-Mueller's current business and future growth plans."