TITLE

Vestolit passes to new hands

AUTHOR(S)
Williams, Dede; Robinson, Simon
PUB. DATE
September 2006
SOURCE
ICIS Chemical Business;9/18/2006, Vol. 1 Issue 35, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
22669886

 

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