28 November 2016
DETAILS
announced that it has acquired
Vinyl Compounds Holdings Ltd. (VCHL),
a leading U.K.-based technical PVC compounds
manufacturer serving a broad range of industries
including:
building and construction,
pipe and profile manufacturers,
footwear and consumer goods.
Based in Derbyshire, VCHL has annualized
revenues of approximately US$40 million.
Mexichem will consolidate VCHL under
its Compounds Business Unit,
a leading supplier of PVC compound solutions
serving the global market and
part of the Company’s Vinyl Business Group,
which reported sales of $2 billion
for the trailing twelve months
ended September 30, 2016.
The addition of VCHL will expand
Mexichem’s ability to meet
global PVC compound demand
and will enable further vertical integration
of its Compounds Business Unit operations
through VCHL’s
stabilizer technologies and recycled PVC capabilities.
VCHL’s key raw materials are
PVC resin and plasticizers,
which should bring additional synergies
to Mexichem’s Vinyl operations.
Sameer S. Bharadwaj,
President of the Compounds Business Unit
This transaction is aligned with
Mexichem’s strategy of completing bolt-on acquisitions
that provide us with access
to new geographies and end markets,
expand our portfolio of specialty products
and serve as a platform for future growth,
while enhancing returns on invested capital,
“We are pleased to partner with
Vinyl Compounds Holdings,
a company with a strong management team
that has achieved consistent sales growth and
has developed a loyal and impressive customer base.
With the benefit of Mexichem’s resources,
VCHL will be able to anticipate and more fully address
the needs of its customers
as we move forward together.”
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