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OpenGate Capital announced today that it
has signed an exclusivity agreement with Belgian chemicals leader,
Solvay S.A.
SVYZY to acquire Benvic®, a leading PVC
compounder with three manufacturing plants in Europe. This project is
subject to applicable information/consultation procedures with employee
representatives and regulatory approvals. The sale is expected to be
completed by the first half of 2014.
Under the Benvic brand name, the business develops, produces and markets
high quality innovative PVC based thermoplastic solutions in the form of
powders and compounds that are utilized across a wide range of
end-applications including building and construction, automotive and
aerospace, cabling, pharmaceutical, packaging and fluid transport.
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