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OpenGate completes acquisition of Solvay’s PVC compound business

12:42 AM MDT | June 4, 2014 | Deepti Ramesh

Private investment firm OpenGate Capital (Los Angeles) says that it has completed the previously announced acquisition of Solvay's polyvinyl chloride (PVC) compound business, Benvic. Terms of the acquisition have not been disclosed. Benvic generated sales of about €160 million ($218 million) in 2013. Benvic has PVC compound production sites in France, Italy, and Spain. OpenGate announced its intention to acquire Benvic last December. Benvic, which employs over 200 people, develops, produces, and markets PVC-based thermoplastic solutions in the form...

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