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Markets :: Plastics :: Polyvinyl chloride
Private equity firm signs agreement to buy Europe PVC compounder from Solvay
5:37 AM MST | December 17, 2013 | Francinia Protti-Alvarez
Private equity firm OpenGate Capital (Los Angeles) says it has signed an exclusivity agreement to acquire Benvic, a polyvinyl chloride (PVC) compounder, from Solvay. Benvic has three manufacturing plants in Europe. The sale is subject to applicable information-consultation procedures with employee representatives and regulatory approvals, and is expected to be completed by the first half of 2014. "Benvic would be a strategic complement to OpenGate Capital's portfolio in Europe. The project would be in line with our strategy to develop our presence in...
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