On July 27, 2011, Braskem announced the acquisition of the polypropylene business (PP) of Dow Chemical. The transaction involved 4 industrial units, 2 plants in the United States and 2 plants in Germany. The U.S. assets, located in Freeport, Texas and Seadrift, Texas, have combined production capacity of 505 kton, which represents 50% of the country’s annual PP production of 1,425 kton. The German assets, located in the cities of Wesseling and Schkopau, have combined annual production capacity of 545 kton. On September 30, 2011, the acquisition was approved by the antitrust agencies of the United States, the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice, as well as the European Union. The transaction represented an important step forward in consolidating the company’s international expansion and positioned it as the largest PP producer in the United States.