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Mexichem completes buyout of Vestolit

by ChemOrbis Editorial Team -
  • 03/12/2014 (17:22)
According to market sources, Mexico’s Mexichem SAB completed the acquisition of Germany-based PVC manufacturer Vestolit on December 1 after receiving all the necessary regulatory approvals. The total purchase price was reported at €219 million ($270 million) in cash and assumed liabilities and was provided from funds managed by Strategic Value Partners LLC.

Through the acquisition of Vestolit, Mexichem aims to expand its European businesses with a new market segment, new technology as well as best practices inherited from Vestolit. Vestolit’s total installed PVC capacity is 415,000 tons/year.
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