Ownership of Vestolit, the 400,000tpa PVC manufacturer based at Marl, in Germany, is changing hands by the end of the year. Strategic Value Partners, a private equity company based in Greenwich, Connecticut, together with company management, have agreed to buy the shareholding held by a financial consortium led by Candover for an undisclosed sum.
The new owners plan an investment of over €100 mln over the next three years towards expansion, with priority being given to new membrane technology for chlorine and expansion of PVC capacity.
19-Sep-06 
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