Ineos Compounds, Doeflex Compounding combining polyvinyl chloride compounding businesses

Ineos, Doeflex JV for polyvinyl chloride compounding businesses

11:23 AM, 23rd May 2014
Ineos Compounds, Doeflex Compounding joint venture business

ROLLE, SWITZERLAND: Ineos Compounds and Doeflex Compounding plan to combine their polyvinyl chloride (PVC) compounding businesses. The combined business would be run by an integrated management team from both entities. The proposed combination presents a strategic opportunity for both parties and is highly complementary to Ineos Compounds’ growth strategy. It is subject to the applicable information/consultation procedures with employee representatives, after which the parties would enter into legally-binding agreements containing customary closing conditions including anti-trust approval from the European Commission. Until completion of the proposed combination Ineos and Doeflex will continue to run their PVC compounding businesses separately.

 

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