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Business
Kem One Buys French PVC Producer
by Alex Scott
August 17, 2015
| A version of this story appeared in
Volume 93, Issue 32
Kem One Group, the former Arkema polyvinyl chloride producer owned by OpenGate Capital and industrialist Alain de Krassny, has acquired the French vinyl products maker Kem One Innovative Vinyls (KOIV) from Klesch Group. KOIV was also part of Arkema. With headquarters in Paris, KOIV has 13 plants across Europe, Asia, and Mexico and annual sales of close to $400 million. Kem One Group recently secured a loan of more than $30 million from the French government to finance its business plan and an $80 million reimbursable government payment to fund the upgrade of its chlorine plant in Lavéra, France.
The power is now in your (nitrile gloved) hands
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