Pinova Holdings, Inc. Purchases LyondellBasell Flavors & Fragrances, LLC

Scott-Macon provides M&A services within their Chemicals and Related Industries Group

December 2010

LyondellbasellLyondellBasell announced that the transaction with Pinova Holdings, Inc. closed and the purchase of LyondellBasell Flavors & Fragrances was completed. LyondellBasell stated the transaction resulted in proceeds of approximately $150 million.

Based in Brunswick, GA, Pinova Holdings is a global supplier of wood and gum rosin and polyterpene resin specialty chemicals derived from natural and renewable raw materials.

About LyondellBasell

As one of the world’s largest plastics, chemical and refining companies, LyondellBasell manufactures products at 59 sites in 18 countries. Their products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials, and biofuels.

About Scott-Macon’s Chemicals & Related Industries Group and M&A Services

Our chemicals practice professionals serve with more than 30 years of experience, and possess significant chemicals investment banking experience from serving a wide range of clients in the industry. Scott-Macon’s Chemical transaction group includes corporate advisory and strategic advisory as well as capital market assignments in both the public and private markets.

In addition to the outright sale of a company or business unit, Scott-Macon’s professionals have experience in a wide range of shareholder and liquidity-driven transactions. Scott-Macon professionals have significant experience assisting clients in acquiring businesses, either as stand-alone acquisitions or for integration into existing client operations. Our clients have ranged from large global corporations looking to expand their existing operations to private equity funds seeking to build a new or existing portfolio investment.