Mexichem Will Buy Germany’s Vestolit | Chemical & Engineering News
Volume 92 Issue 32 | p. 10 | Concentrates
Issue Date: August 11, 2014

Mexichem Will Buy Germany’s Vestolit

Department: Business
Keywords: PVC, vinyl, shale, vinyls, chlor-alkali

Mexichem has agreed to purchase the German polyvinyl chloride maker Vestolit from Strategic Value Partners, a private equity firm, for cash and debt totaling $290 million. Vestolit, which Mexichem calls Europe’s sixth-largest PVC maker, specializes in PVC paste for flooring and wallpaper as well as PVC for weather-resistant windows. The Mexican firm says the purchase is in keeping with its strategy of becoming a global chemical producer. The deal continues consolidation in Europe’s vinyl industry. Last month, Westlake Chemical said it will purchase Vinnolit. And in June, Solvay and Ineos agreed to terms of a PVC joint venture.

 
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