28 May 2014
Details
has signed an agreement to sell
the worldwide leading manufacturer of
specialty PVC to
Westlake Chemical Corporation.
Westlake is an international manufacturer and
supplier of petrochemicals, polymers and
building products headquartered in Houston, Texas.
Dr Josef Ertl,
Managing Director of Vinnolit,
comments on behalf of the management board:
“We have transformed Vinnolit into
the leading specialty PVC manufacturer and
remain dedicated to
further growing the company’s business.
We thank Advent for their support and
strategic advice in developing Vinnolit and
facilitating its successful transformation.
We, as a management team look forward to
beginning a new chapter in our company’s history
and continuing our successful growth path together with
Westlake.”
Westlake's President and CEO.
"The acquisition of Vinnolit is
an excellent strategic fit for Westlake.
It will allow us to
expand our chlorvinyl business globally and
adds important specialty PVC products and
technology to our existing portfolio,"
"Vinnolit is an impressive company
with an outstanding reputation
for meeting customer needs
with superior technology, product quality, and
operating excellence.
We look forward to working with
their talented team as
they join the Westlake family of companies."
Vinnolit
has six production facilities located in
Gendorf, Burghausen,
Knapsack and Schkopau in
Hillhouse in the
These operations have a combined annual capacity of
780 thousand metric tons of PVC,
including specialty paste and suspension grades,
665 thousand metric tons of vinyl chloride monomer
("VCM") and
475 thousand metric tons of membrane grade
caustic soda.
Vinnolit
has a world class research and development facility
in Gendorf and
applications laboratory in Burghausen.
Vinnolit's products are suitable for
a wide range of industrial and
building product applications including
automotive sealants, cable sheathing, flooring,
medical applications, pipes, rigid film,
technical coatings, wall covering and window profiles.
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