Updated Wed, Aug 17, 2011 10:23 am
Sunoco has just announced that it has reached an agreement to sell its phenol manufacturing facility in Scioto County to Haverhill Chemicals.
Haverhill Chemicals is affiliated with Goradia Capital.
Sunoco will sell the facility at Haverhill and the inventory there for $106.5 million.
The transaction is subject to regulatory approval and is expected to be completed by the end of the year.
Haverhill Chemical was formed to acquire the Haverhill phenol plant from Sunoco and will be headquartered in Houston, Texas.