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Stradling

Braskem Completes $325 Million Acquisition of Dow Chemical Business Unit

Braskem

Supported Braskem (Brazil’s largest petrochemical company) in its $325 million acquisition of a large Dow Chemical business unit involving multiple polypropylene manufacturing facilities in Texas and Germany. This effort required extensive environmental due diligence of very old manufacturing facilities with large number of legacy liability contamination issues. It also involved intensive negotiation and drafting of a sophisticated sale contract involving a multi- tiered environmental indemnity. In the post-sale context, one of our lawyers was embedded with Braskem’s EHS team to integrate DOW/Braskem operating procedures, permits, and to assist in hiring a Radiation Safety Officer, and interact with Texas and federal EHS enforcement personnel concerning pending matters being transferred and other matters triggered by the change of control.*