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Mexichem SAB de CV agrees to acquire VESTOLIT

Tuesday, 5 Aug 2014 09:56am EDT 

Mexichem SAB de CV:Signs definitive agreement to acquire VESTOLIT GmbH (VESTOLIT), Europe`s PVC manufacturer, from accounts and funds managed by Strategic Value Partners LLC.Says total is 219 mln euros in cash and assumed liabilities, supporting Mexichem's strategy of global growth in high-end specialty products.Acquisition is expected to close in fourth quarter of 2014.At that point, Mexichem will consolidate VESTOLIT under Company's Chlorine Vinyl chain for accounting purposes. 

Company Quote

29 Jan 2015