M&A Deal Summary

Westlake Acquires Vinnolit Holdings

On May 28, 2014, Westlake acquired plastics company Vinnolit Holdings from Advent International for 490M USD

Acquisition Highlights
  • This is Westlake’s 1st transaction in the Plastics sector.
  • This is Westlake’s 5th largest (disclosed) transaction.
  • This is Westlake’s 2nd transaction in the United States.

M&A Deal Summary
Date 2014-05-28
Target Vinnolit Holdings
Sector Plastics
Buyer(s) Westlake
Sellers(s) Advent International
Deal Type Add-on Acquisition
Deal Value 490M USD

Target

Vinnolit Holdings

Ismaning, United States
Vinnolit Holdings GmbH is a manufacturer of specialty polyvinyl chloride ("PVC") resins. Vinnolit has six production facilities located in Gendorf, Burghausen, Cologne, Knapsack and Schkopau in Germany and Hillhouse in the United Kingdom. These operations have a combined annual capacity of 780 thousand metric tons of PVC, including specialty paste and suspension grades, 665 thousand metric tons of vinyl chloride monomer ("VCM") and 475 thousand metric tons of membrane grade caustic soda.

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Buyer(S) 1

Buyer

Westlake

Houston, Texas, United States
Category Company
Founded 1986
Sector Chemicals
Employees15,520
Revenue 12.5B USD (2023)
DESCRIPTION
Westlake Chemical's corporate headquarters in Houston, Texas.
Westlake Chemical's corporate headquarters in Houston, Texas.

Westlake manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates through two segments, Olefins and Vinyls. Westlake was founded in 1986 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 9
Sector (Plastics) 1 of 4
Type (Add-on Acquisition) 2 of 5
Country (United States) 2 of 6
Year (2014) 2 of 2
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-28 Vinnolit KG

Ismaning, Germany

Vinnolit is Germany’s leading PVC producer for the building, automobile and medical industries; one of the most important manufacturers in Europe and the tenth largest worldwide. Vintron was a complementary business supplying raw materials used by Vinnolit.

Buy $490M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Suzhou Huasu Plastics

Taicang, China

Suzhou Huasu Plastics Co. Ltd. operates a PVC resin production plant, along with specialty film and window profile operations.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 140 of 222
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 57 of 82
Country (United States) 56 of 80
Year (2014) 5 of 8
Size (of disclosed) 31 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-28 Vinnolit KG

Ismaning, Germany

Vinnolit is Germany’s leading PVC producer for the building, automobile and medical industries; one of the most important manufacturers in Europe and the tenth largest worldwide. Vintron was a complementary business supplying raw materials used by Vinnolit.

Sell $490M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Ultimo Sp. z o.o.

Warsaw, Poland

ULTIMO is Poland's leading debt purchase and collection business. Ultimo has been quick to capitalise on a sector that has over the last five years generated impressive double-digit growth. The opportunity shows no sign of diminishing with more and more companies selling non-performing receivables.

Sell -
Mergr

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