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Business
Mexican Company Will Double In Size
March 5, 2007
| A version of this story appeared in
Volume 85, Issue 10
Mexican chemicals maker Mexichem is buying Colombian polyvinyl chloride producer Petroquìmica Colombiana (Petco) for an undisclosed sum. Petco had sales of $375 million in 2006, when it produced some 325,000 metric tons of PVC. Mexichem's annual PVC capacity is about 360,000 metric tons. In addition, Mexichem is acquiring Amanco, a PVC pipe maker that operates throughout Latin America and had 2006 sales of $800 million. The deals will roughly double Mexichem's annual sales of $1.2 billion.
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