5/28/2014

Advent International sells Vinnolit to Westlake Chemical Corporation

Advent International has signed an agreement to sell Vinnolit Holdings GmbH, the worldwide leading manufacturer of specialty PVC to Westlake Chemical Corporation. Westlake is an international manufacturer and supplier of petrochemicals, polymers and building products headquartered in Houston, Texas.

Dr Josef Ertl, Managing Director of Vinnolit, comments on behalf of the management board: “We have transformed Vinnolit into the leading specialty PVC manufacturer and remain dedicated to further growing the company’s business. We thank Advent for their support and strategic advice in developing Vinnolit and facilitating its successful transformation. We, as a management team look forward to beginning a new chapter in our company’s history and continuing our successful growth path together with Westlake.”

Please find more information in the press releases of Advent International and Westlake.