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Markets :: Basic Chemicals :: Petrochemicals :: Ethylene dichloride

Report: Private equity firm prepares to divest PVC maker Vestolit

8:46 AM MDT | July 16, 2014 | Ian Young

Private equity firm SVP Global is preparing to sell vinyls company Vestolit (Marl, Germany) in a deal potentially valued at about €300 million, according to a Reuters report today. SVP has hired investment bank Jefferies (New York) to seek a buyer for Vestolit, which SVP acquired in 2006. SVP, Jeffries, and Vestolit decline to comment on the report. Vestolit generates estimated sales of €500 million/year ($677 million) and annual Ebitda of about €40 million. The company says that its manufacturing site at Marl is Europe's largest...

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