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INEOS Compounds & Doeflex Receive EC's Clearance to Combine PVC Compounding Businesses

Published on 2014-08-05. Author : SpecialChem

INEOS Compounds and Doeflex Compounding Limited have received unconditional clearance from the European Commission to combine their PVC compounding businesses. Preparations are now under way for expected completion of the combination on 1 September 2014.

The deal, which was announced in May 2014, presents a strategic opportunity for both parties and is highly complementary to their growth strategy. The newly combined business will create one among the leading European PVC compounds producers with a turnover in excess of €200m and manufacturing sites in the UK, Sweden and Switzerland. The combined business would be run by an integrated management team from both entities and will be known as INEOS Compounds.

Until completion of the proposed combination INEOS Compounds and Doeflex will continue to run their PVC compounding businesses separately.

About INEOS

The strength of INEOS Enterprises is its ability to recognize trends and new opportunities in world markets. It prides itself on finding, managing and growing successful businesses. The current portfolio comprises 10 discrete business units; the entrepreneurial culture embedded within INEOS Enterprises is further emphasized by the diversity of businesses.

Source: INEOS Compounds


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