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Westlake Chemical has agreed to purchase the German polyvinyl chloride maker Vinnolit for about $665 million from the private equity firm Advent International. Vinnolit produces specialty vinyls and also makes the precursors chlorine and vinyl chloride. With sales last year of $1.2 billion, it operates plants in Germany and the U.K. Westlake CEO Albert Chao says the acquisition will diversify Westlake globally and add specialty PVC to its portfolio.
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