On January 22, 2010, Braskem announced the acquisition of Quattor, in line with its strategy to strengthen the Brazilian petrochemical chain and become one of the five largest and most competitive petrochemical companies in the world. The acquisition of Quattor Participações S.A., Unipar Comercial e Distribuidora S.A., and Polibutenos S.A. Indústrias Químicas was unanimously and fully approved by the board of directors of the Administrative Council of Economic Defense (CADE) on February 23, 2011. On February 1, 2010, Braskem announced the acquisition of the PP assets of Sunoco Chemicals, 4th largest polypropylene producer in the U.S. The transaction represented an important step in Braskem’s international expansion process, offering the combination of growth in the U.S. market, with alternative sources of raw materials at competitive costs and access to major consumer markets. With this acquisition, Braskem has become the 3rd largest polypropylene player in the world.