Braskem acquired Dow's polypropylene business for $323 million, increasing its polypropylene capacity by 1,050 kty. The acquisition includes two plants in Texas and two in Germany. The acquisition makes Braskem the number one polypropylene producer in the US and expands its global footprint. Braskem expects to realize $140 million in synergies from portfolio optimization, improved operations, procurement savings, and logistics optimization. The acquisition does not significantly change Braskem's capital structure or leverage.