Vinnolit acquires the Paste PVC Business of INEOS

The value of the deal is not disclosed. The acquisition consists of the commercial goodwill of the INEOS Paste PVC business along with its Paste PVC production facilities at Hillhouse (UK) and Schkopau (Germany). The deal also includes Vinnolit entering into an off take agreement for the entire Paste PVC output at INEOS' Porto Torres plant (Italy). Corresponding contracts were signed.

Paste PVC is core to strategic growth of Vinnolit, with the company's total PVC production capacity increasing from 680,000 tonnes to about 780,000 tonnes per year after the acquisition of the Paste PVC production facilities at Hillhouse (UK) and Schkopau (Germany). A relocation of Paste PVC production sites is not intended.

Vinnolit Managing Directors Dr Josef Ertl and Dr Ralph Ottlinger comment: "This step perfectly fits into our growth strategy and will further strengthen our leading position in the field of PVC specialities."

The deal will be completed once necessary approvals from the European Commission have been obtained.

Editorial:
Dr. Oliver Mieden, Environmental Affairs / Corporate Communications
Vinnolit GmbH & Co. KG, Carl-Zeiss-Ring 25, D-85737 Ismaning
Tel.: +49 89 96103 209,
Fax: +49 89 96103 109,
E-Mail: oliver.mieden@vinnolit.com