Ineos Sales Packed Chlorine Business 2M Group Limited

Ineos ChlorVinyls sells UK packed chlorine business to 2M

7:21 AM, 2nd August 2013
ineos Business news

ROLLE, SWITZERLAND: Ineos ChlorVinyls has completed the sale of UK packed chlorine business to 2M Group Limited. The value of the deal is not disclosed. The sale includes the packed chlorine assets at ChlorVinyls’ Runcorn Site, Cheshire, together with the associated commercial goodwill of this business. The sale is part of Ineos ChlorVinyls’ ongoing review of its product portfolio and the desire to focus on its core businesses. Employees associated with the packed chlorine business will remain with Ineos and will provide dedicated packing services to 2M Group under a service contract.

“Packed chlorine is an excellent strategic fit with the existing businesses operated by 2M Group and they have the necessary expertise to maximise the full potential of this business,” said Keith Metcalfe, Business Director, Ineos ChlorVinyls.

 

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