Dow Chemical said that it has closed the sale of its global Polypropylene business to Braskem.

In addition to the deal, the two companies will continue to evaluate potential future collaborations on growth opportunities in connection to their strategies.

The assets involved in the deal included Dow's polypropylene manufacturing facilities at Schkopau and Wesseling, Germany, and Freeport and Seadrift, Texas.

Dow's Polypropylene Licensing & Catalyst business and related catalyst facilities were excluded from the scope of the deal.