Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 06-08-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Strategic Value Sale of Vestolit Group to Mexichem | Industry: | Chemicals |
| Description: |
Clifford Chance advised investment funds managed by Strategic Value Partners LLC, Greenwich, Connecticut/USA, on the sale of Vestolit Group, Marl, to Mexican chemicals company Mexichem. The transaction is subject to approval from the antitrust authorities. The purchase price amounts to EUR 219 million.
Vestolit is a leading manufacturer of PVC specialist products in Europe, such as for floor coverings, wallpaper and car undercoating as well as the only manufacturer of "High Impact Suspension PVC" (HIS-PVC) for weatherproof and energy efficient window profiles. Vestolit also offers several chlorine-alkali products which are used in a broad variety of chemical and industrial applications.
At its site in Marl the company operates Europe's biggest fully integrated PVC production with a capacity of 400,000 tons of PVC almost one million tons of monomer products per year.
Mexichem is a global supplier of PVC products along the entire value chain.
The Clifford Chance team was led by partner Joachim Hasselbach and comprised partner Christopher Kellett, associate Dr. Christian Nordholtz (all Private Equity, Frankfurt).
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| Financial Center: | Frankfurt | Value: | 0.00-0.00 |
| Advised Party: | Vendor | Law Firm | Clifford Chance |
| Target Company Jurisdiction: | Germany | Acquiror Jurisdiction: | Mexico |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Christopher Kellett |
