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People & Business :: M&A

Mexichem cleared to acquire PolyOne's specialty PVC assets, bidding for Solvay's Indupa assets

7:38 AM MDT | May 17, 2013 | Francinia Protti-Alvarez

Mexichem (Tlalneplantla, Mexico) has received clearance from FTC—and its equivalent body in Germany—for Mexichem's acquisition of the polyvinyl chloride (PVC) specialty resins business of PolyOne, the company has announced. PolyOne entered into an agreement earlier this year to sell its vinyl dispersion, blending, and suspension resin assets to Mexichem for $250 million in cash, as reported by CW. The integration of PolyOne's specialty PVC resins activities into Mexichem's chlor-vinyl chain will begin once the acquisition is completed. The parties...

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