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(Plastemart) -- Mexichem SAB,
Mexicos’ PVC maker and the largest maker of plastic pipes in
Latin America, has acquired Rockwood Holdings Inc.'s AlphaGary thermoplastic
compounds business for US$300 mln in cash, as per Bloomberg. AlphaGary has
operations in USA, UK and Canada with annual sales of US$231 mln. Rockwood, the
world's largest producer of lithium products, expects to use the sale proceeds
to reduce debt.
The PVC maker has made at least four acquisitions this year, including
the purchase of a fluorine unit from Ineos Group Holdings Plc for about US$350
mln. Mexichem plans to expand production of vinyl chloride monomer ( VCM) in the
state of Veracruz, Del Valle.
mrcplast.com
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