Westlake Chemical to buy PVC maker Vinnolit for ~$667M

|About: Westlake Chemical Corporation (WLK)|By:, SA News Editor

Westlake Chemical (WLK) agrees to acquire German polyvinyl chloride maker Vinnolit Holdings and subsidiary companies for €490M ($667M) from P-E firm Advent International.

Vinnolit has six production facilities located in Germany and the U.K. with a combined annual capacity of 780K metric tons of PVC, 665K metric tons of vinyl chloride monomer and 475K metric tons of membrane grade caustic soda; the company generated €917M in revenue during 2013.