Mexico: PVC Compound Market Mexichem Acquires US Compound Producer
Mexichem has acquired Sylvin Technologies, a niche PVC compounds manufacturer based in Denver, Pennsylvania for an Enterprise Value of $ 39 million.
Tlalnepantla de Baz/Mexico — Sylvin is expected to have total sales of $ 29 million for the full year of 2017. The company serves a broad range of industries including: wire and cable, electrical, industrial, automotive, medical and food products. Mexichem will consolidate Sylvin under the Company’s Vinyl Business Group as part of its Compounds Business Unit, a supplier of PVC compound solutions serving the global market.
Sylvin’s key raw materials are PVC resin, plasticizers and stabilizers, which should bring synergies to Mexichem’s Vinyl operations. Sameer S. Bharadwaj, President of the Compounds Business Unit said that the acquisition of Sylvin is a further step towards downstream integration in specialty products with higher margins.