Vestolit passes to new hands

Williams, Dede; Robinson, Simon
September 2006
ICIS Chemical Business;9/18/2006, Vol. 1 Issue 35, p10
Trade Publication
The article reports on the sale of German polyvinyl chloride producer Vestolit by Candover Partners to another private equity firm. The sale is in connection with a partial management buy-out. The buyer of the majority stake is a U.S. fund advised by Strategic Value Partners of Greenwich, Connecticut. According to Vestolit CEO Arno Knebelkampf, the new owners will continue the € 100 million capital spending scheme, set for completion in the third quarter of 2007.


Related Articles

  • Degussa-Huls to Sell Vestolit. Alperowicz, Natasha // Chemical Week;4/21/1999, Vol. 161 Issue 15, p19 

    Details the plan of Degussa-Huls to sell its polyvinyl chloride (PVC) subsidiary Vestolit. Industrial capacity of Vestolit; Information on the Vinnolit PVC plants of Wacher and Hoechst.

  • Degussa-Huls Sells Vestolit to Investors. Milmo, Sean // Chemical Market Reporter;12/13/99, Vol. 256 Issue 24, p6 

    Reports on the efforts of Degussa-Huls to finalize an agreement to sell its Germany-based subsidiary Vestolit GmbH & Co. to an international group of investors. Price of the sale of Vestolit; Reason given by Degussa-Huls for the sale; Sales of Vestolit in the year through the end of September 1999.

  • Degussa-Huls Sells Vestolit to Investors. Scott, Alex // Chemical Week;12/15/1999, Vol. 161 Issue 48, p18 

    Reports that Degussa-Huls has agreed to sell its polyvinyl chloride business Vestolit GmbH to a group of investors led by Candover Partners and D. George Harris. Importance of the sale; Production capacity of Vestolit; Degussa-Huls' performance in the third quarter of 1999.

  • Degussa-Huls exits production of PVC.  // Plastics News;1/24/2000, Vol. 11 Issue 49, p12 

    Reports on Degussa-Huls AG's sale of its Vestolit GmbH to an institutional investment group. Company's pull out from polyvinyl chloride production; Retention of the company's management staff; Total value of the acquisition.

  • European specialist firms sold in Charter shake-up.  // Professional Engineering;11/17/99, Vol. 12 Issue 21, p12 

    Reports on Charter's plan to sell its Europe-based specialized businesses to Candover. Use of proceeds from the sale; Product lines of the businesses included in the sale; Share in Charter's overall revenue.

  • Vestolit seeks cap on energy bill.  // European Chemical News;9/15/2003, Vol. 79 Issue 2068, p9 

    Reports that German polyvinyl chloride producer Vestolit is seeking recognition as a hardship case under the federal government's renewable sources of energy law in 2003. Consequence if the company's petition is approved; Reason for filing the petition; Support for the company's petition.

  • Vestolit-EVC Deal Collapses. Bown, Jessica // Chemical Week;10/25/2000, Vol. 162 Issue 40, p22 

    Reports that Germany's Vestolit has abandoned its plan to acquire EVC International, a polyvinyl chloride producer in Brussels, Belgium. Likely factor for not pursuing the acquisition plan; Impact of the breakdown of the talks on EVC; Cost savings targeted by EVC through a restructuring program.

  • Vinnolit and Vestolit Near Merger; May Seek More Partners. Alperowicz, Natasha // Chemical Week;8/7/2002, Vol. 164 Issue 31, p14 

    Reports on the anticipation of a conclusion of merger talks between polyvinyl chloride producers Vinnolit and Vestolit in 2002. Search of the merged company for other partners to join the merged group; Benefit from the merger; Components of the partners' post-merger plans.

  • Vestolit GmbH PVC-technology for Dahin, Taiwan.  // Chemical Business;Aug97, Vol. 11 Issue 1, p57 

    Reports that Vestolit GmbH, a polyvinyl chloride (PVC) manufacturer has granted Dahin Co., Ltd. a license for a PVC-plant. Production capacity of the plant; Products that will be manufactured by the plant; Purpose of Vestolit GmbH behind this move; Responsibilities of Vestolit within the Huls...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics