09.12.2014

Press Release

On December 1st, 2014, the acquisition of VESTOLIT GmbH (Marl, Germany) by Mexichem S.A.B. de C.V. (Tlalnepantla, Mexico) was closed after receiving all relevant regulatory approvals.

The acquisition of VESTOLIT - one of the leading producers of PVC-Specialties in Europe - is supporting Mexichem’s strategy of becoming a global, vertically integrated chemical company with a focus on high-end, specialized PVC products over the whole value chain. With this transaction, Mexichem will be one of the leading producers of PVC-Specialties worldwide.

"The wide product portfolio and the global market coverage of our new parent company in combination with our strong position in Europe will lead to further growth for the company’s business", said Dr. Michael Träger, CEO of VESTOLIT. "Being the specialty European arm of a vertically integrated global player, and joining the strength of both companies, is a major step forward in expanding the position as the leading producer of PVC-Specialties worldwide. This transaction is a clear sign in strengthening our production site in Marl."

VESTOLIT will continue to operate under its current management and will keep the worldwide recognized brand VESTOLIT, which is established since 1949.

Find out more in the Mexichem press release attached.