Mexichem in Definitive Agreement To Acquire PVC Producer Vestolit

摘要

Tlalnepantia— Mexichem has entered into a definitive agreement to acquire Vestolit, Europe's sixth largest polyvinyl chloride (PVC) producer, from Strategic Value Partners for a total of ?219-million in cash and assumed liabilities (PCN, 21 July 2014, p 2). Vestolit, with 415,000 t/y of PVC capacity, is the only European producer of high-impact suspension PVC. The company also produces alkyl-chlorides. Following the acquisition, which is expected to close in the fourth quarter of this year, subject to regulatory approvals, Vestolit will be consolidated under Mexichem's chlorine vinyl chain. Vestolit will continue under its current management and will operate with its existing brand portfolio.