Westlake Chemical to buy rival German PVC maker for US$667 mln

29-May-14
Petrochemicals company Westlake Chemical Corp plans to buy Germany polyvinyl chloride (PVC) maker Vinnolit Holdings GmbH and its subsidiary companies for 490 mln euros (US$667 mln) from private-equity firm Advent International, as per Reuters. Westlake will finance the acquisition with existing cash and credit facilities and expects the deal to close in Q3-2014.
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500,000 Lids / day thermoforming machine

500,000 Lids / day thermoforming machine