By Karen Roman
Vinson & Elkins said it represented JPMorgan Chase & Co. (NYSE: JPM) as financial advisor to The Saudi Basic Industries Corporation in the $450 million sale of its regional engineering thermoplastics business in the Americas and Europe to MUTARES.
The Saudi Basic Corp. produces polycarbonate, polybutylene terephthalate and other resin and compounds across the U.S., Mexico, Brazil, Spain and the Netherlands, the company stated.
Vinson & Elkins partner Sebastian Tiller, head of the firm’s Strategic Mergers & Acquisitions practice, represented JPMorgan Chase & Co. in this transaction, the firm said.
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