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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. 

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