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Nova Chemicals Reignites Growth Plans as IPIC Acquisition is Complete

SUGAR LAND--July 17, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, International Petroleum Investment Company (IPIC) (Abu Dhabi, United Arab Emirates) completed its planned acquisition of Nova Chemicals Corporation (Calgary, Alberta). This transaction took place with speed and relative ease at a time when global markets are experiencing dramatic lows in demand and acquisitions are far and few between. Nova has consistently shown the desire to grow and become a world player in recent years, investing in both technology and plant assets. This transaction catapults Nova Chemicals into a new class of chemical companies

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Industry Segment: Chemical Processing
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