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(Plastemart) -- The European
Commission cleared on 26 July, under the EU Merger Regulation, the proposed
acquisition of the Suspension Polyvinyl Chloride ("S-PVC") business of the
Belgium-based Tessenderlo Group by the Swiss-based company Ineos. The
transaction involves two vertically integrated manufacturers of S-PVC, which is
used in pipes, window profiles and other industrial applications.
Besides S-PVC, both Ineos and the business to be acquired have a sizeable
presence in the production and supply of liquid caustic soda and sodium
hypochlorite. Moreover, Ineos supplies ethylene and ethylene dichloride and also
vinyl chloride monomer which is also supplied by the acquired business. They are
all inputs for S-PVC. Ineos is also active in the market for compounded S-PVC,
which is downstream of S-PVC.
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