4 June 2014
Details
has completed the divestment of its
polyvinyl chloride (PVC) compound business
Benvic Europe
to U.S. investment company
enhancing the resilience of the Group’s portfolio.
Completion comes after competition authorities
cleared
the divestment agreement,
which Solvay and OpenGate Capital had announced
in April.
Benvic Europe
mixes
PVC and additives, pigments and stabilizers
to make innovative plastic compounds
used in markets including
construction, cars and packaging.
Revenues last year reached about €160 million.
Its three PVC compounding production sites are
in France, Italy and Spain.
The divestment will not affect
Benvic’s current headcount of 220.
The acquisition of Benvic represents
the third PVC business acquired by
following
Profialis, a PVC extrusion business,
which was acquired in January of 2013 from
Tessenderlo Group, and
Kem One SAS, a PVC compounder,
acquired through a take-over bid process
in January of 2014.
Combined, the revenues of these
three PVC businesses total more than USD$1.5 billion.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
