Westlake Chemical has closed its acquisition of German-based Vinnolit Holdings GmbH and its subsidiary companies from Advent International, a private equity firm.
The Vinnolit acquisition includes six production facilities located in Burghausen, Gendorf, Cologne, Knapsack and Schkopau in Germany and Hillhouse in the United Kingdom. These operations have a combined annual capacity of 780 thousand metric tons of PVC, including specialty paste, thermoplastic specialties and suspension grades, 665 thousand metric tons of vinyl chloride monomer (VCM) and 475 thousand metric tons of membrane grade caustic soda. Vinnolit has technical centers including a research and development facility in Gendorf and an applications laboratory in Burghausen. The newly acquired business will operate as a Westlake company under the Vinnolit name and continue to provide products which are suitable for a wide range of industrial and building product applications including automotive sealants and interior trim, cable sheathing, flooring, medical applications, pipes, film, technical coatings, wall covering and window profiles.