5 August 2014
Details
Mexichem S.A.B. de C.V. (Tlalnepantla, Mexico)
has signed a definitive agreement to acquire
from Strategic Value Partners LLC (Greenwich, CT, USA)
acting on behalf of its managed funds and accounts.
The acquisition of VESTOLIT
- one of the leading producers of PVC-Specialties in Europe -
is supporting Mexichem’s strategy of becoming
a global, vertically integrated chemical company
with a focus on high-end, specialized PVC products
over the whole value chain.
With this merger Mexichem and VESTOLIT
will be the leading producer of PVC-Specialties worldwide.
Antonio Carrillo,
CEO of Mexichem
" This transaction is an opportunity to
* expand of European footprint,
* enter a new market segment and
* acquire new technology and best practices
for our global chlorine vinyl chain"
Dr.Michael Traeger,
CEO of VESTOLIT
"We are pleased to be joining Mexichem,
a globally-reconginzed name in specialty chemicals.
This transaction assures the future of
our VESTOLIT businesses and
our customers will benefit from dealing with
a company with an international reach and
multiproduct offering."
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