Nexeo Solutions buys Real Estate in California
US-based chemicals and plastics distributor Nexeo Solutions, Inc. (The Woodlands (Houston), TX – United States of America) announced that it has signed an agreement with Equilon Enterprises LLC d/b/a Shell Oil Products US (“Shell”) to purchase approx. eight acres of land in Carson, California that Nexeo Solutions currently leases from Shell. Nexeo Solutions and Shell will also execute a new service agreement. In addition, Nexeo Solutions and Shell Chemical LP have finalized a new products supply agreement to support their long-term relationship.
Nexeo Solutions says this agreement enables the company “to operate long-term from its current facility and expand access to additional storage capacity on the property.”
The purcahse agreement is subject to customary closing conditions and regulatory approvals.
Source: Nexeo press release
HGE – DCG / 21.12.2017