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Chemical Week Magazine :: Newsbriefs
Mexichem buys PVC producer Vestolit
7:00 AM MDT | August 15, 2014
Mexichem (Tlalnepantla, Mexico) has agreed to acquire Vestolit (Marl, Germany), Europeâ€™s sixth-largest manufacturer of polyvinyl chloride (PVC), from private equity firm Strategic Value Partners (Greenwich, CT) for a total of â‚¬219 million ($294 million) in cash and assumed liabilities. The deal supports Mexichemâ€™s strategy to expand worldwide in high-end specialty products, Mexichem says. The deal is subject to regulatory approvals and is expected to close in the fourth quarter. Mexichem plans to consolidate Vestolit under Mexichemâ€™s chlorvinyls chain for...
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