TPC Group (Houston, Texas) announced that it has entered into a definitive agreement to be acquired by ENEOS Holdings, Inc. (Tokyo, Japan). In connection with the acquisition, ENEOS will acquire TPC Group’s petrochemical operations in Houston, Texas, along with terminal operations in Port Neches, Texas, and Lake Charles, Louisiana. ENEOS is confident that welcoming TPC Group into ENEOS will serve as an important catalyst for portfolio restructuring, a key strategic pillar of the ENEOS Group’s Fourth Medium-Term Management Plan. TPC Group’s commitment to environmental, health, safety and security performance remains unchanged. Until the transaction closes, TPC Group and ENEOS will continue to operate as separate companies.