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Westlake closes €490-million Vinnolit acquisition

7:04 AM MDT | July 31, 2014 | Francinia Protti-Alvarez

Westlake Chemical has closed the previously announced €490-million ($656.5 million) acquisition of polyvinyl chloride (PVC) manufacturer Vinnolit Holdings (Ismaning, Germany) and its subsidiary companies, from private equity firm Advent International, Westlake said today.   The acquisition includes Vinnolit's six production sites. They are at Burghausen, Gendorf, Cologne, Knapsack, and Schkopau, Germany; and Hillhouse, UK. These operations have a combined annual capacity for 780,000 m.t./year of PVC, including specialty paste, thermoplastic specialties...

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