INEOS and Doeflex Compounding merge PVC compounding businesses
The merger will create a leading European PVC compounds producer with a turnover in excess of Euro 200 million
BS B2B Bureau B2B Connect | Wiltshire, UK
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INEOS Compounds and Doeflex Compounding, UK, have agreed to merge their respective PVC compounding businesses. The newly combined business will feature an integrated management team from both entities and will be known as INEOS Compounds.
Jonathan Stewart, Chief Operating Officer, INEOS Compounds, commented, “This combination represents a strategic opportunity for both parties and is highly complementary to our long term growth strategy. Customers will benefit from access to an extended product range; improved supply chain flexibility and combined expertise leading to improved technical and manufacturing production capability.”
Completion of the business combination has created a leading European PVC compounds producer with a turnover in excess of Euro 200 million and manufacturing sites in the UK, Sweden and Switzerland.
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First Published: Sep 03 2014 | 5:30 PM IST