Kem One Group completes acquisition Kem One Innovative Vinyls

Kem One Group completes acquisition of Kem One Innovative Vinyls

2:24 PM, 1st August 2015
Kem One Group completes acquisition of Kem One Innovative Vinyls
Andrew Nikou, founder, managing partner and CEO, OpenGate Capital. (File photo)

LOS ANGELES, US/PARIS, FRANCE: OpenGate Capital LLC, a global private equity firm, said that Kem One Group SAS, owned jointly with Alain de Krassny, has acquired Kem One Innovate Vinyls from The Klesch Group. Alain de Krassny is a veteran in the European chemicals industry and president of Donau Chemie. Kem One Innovative Vinyls produces downstream polyvinyl chloride (PVC) products, including compounds and profiles and tubes from its facilities in Europe, Asia and Mexico. Terms of the transaction were not disclosed.

Kem One Innovative Vinyls produces and distributes rigid and flexible end products that are used in a variety of applications. The business operates under two names, Resinoplast, which specializes in compounds manufacturing and Alphacan, which produces converted materials including window profiles and tubes.

France-headquartered, Kem One Innovative Vinyls has 13 plants across Europe, Asia and Mexico, with revenues of approximately €350 million and 1,200 employees.

“We studied the European building and construction market as far back as 2012, identified several areas of opportunity and since then have been acquiring PVC-related businesses. This acquisition is an important addition to our cluster of highly synergistic and complementary businesses within Europe’s PVC industry that serve a multitude of markets,” said Andrew Nikou, founder, managing partner and CEO, OpenGate Capital.

OpenGate Capital’s European office led the transaction and it was managed principally by the firm’s partners, Julien Lagreze and Sebastien Kiekert Le Moult.

The acquisition of Kem One Innovative Vinyls follows OpenGate Capital’s partnership with Alain de Krassny in the acquisition of Kem One Group SAS, completed in Jan 2014.

The deal was supported by law firms Paul Hastings LLP, Gide Loyrette Nouel LLP and Colbert Avocats. Cabinet Gartilli was the accountant support, said OpenGate Capital.

© Worldofchemicals News

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