1st Sep 2005 17:28
Total S.A.01 September 2005 Acquisition of the Goodyear Tire & Rubber Company's Hydrocarbon Resin Business Finalized Paris - September 1st, 2005 - Through subsidiaries Cray Valley and Sartomer,Total has finalized the acquisition of the Goodyear Tire & Rubber Company'spetroleum hydrocarbon resin business, announced in June. The agreement takeseffect on September 1, 2005. With this transaction, Cray Valley/Sartomer acquires the Wingtack(R) family oftackifying resins, which enjoys a strong reputation in the industry and reportedsales of approximately $80 million in 2004. The new CrayValley/Sartomer petroleum hydrocarbon resin business is now rankedNo. 3 in the world, with a comprehensive range of C5 and C9 resins andmanufacturing operations in Carling, France, and Channelview and Beaumont,Texas. The acquisition strengthens Total's position in the resins market andconsolidates its standing as a top-tier chemicals operator. * * * * * * Total is the fourth largest oil and gas company in the world with operations in more than 130 countries. Total's activities cover the whole energy chain of the petroleum industry: exploration, oil and gas production, refining and marketing, trading and power generation. The Group is also a major player in chemicals. Total has more than 111,000 employees worldwide. More information can be found on the company's website: www.total.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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