Mexichem buys in Germany

Mexichem buys in Germany

Mexichem has taken another step outside its home market with a deal to buy German PVC resin producer Vestolit for €219m ($293m) in cash this week. Vestolit is the sixth largest producer of PVC in Europe. The purchase from US-based investor Strategic Value Partners falls into Mexichem’s strategy of growing through acquisitions of producers with high added value, the buyer said. The acquisition is moderately positive for Mexichem as it fits with the company’s expansion policy, said analysts

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