Ineos and Doeflex plan merger for S-PVC businesses
Mary Page Bailey
The Compounding division of Ineos Technologies (Rolle, Switzerland; www.ineos.com) and Doeflex Compounding (Wiltshite, U.K.; www.doeflex.co.uk) have announced the intention to combine their S-PVC (suspension polyvinyl chloride) compounding businesses. The combined business would be run by an integrated management team from both entities.
The proposed combination presents a strategic opportunity for both parties and is highly complementary to Ineos Compounds’ growth strategy. It is subject to the applicable information and consultation procedures with employee representatives, after which the parties would enter into legally-binding agreements containing customary closing conditions including anti-trust approval from the European Commission.
Until completion of the proposed combination, Ineos and Doeflex will continue to run their S-PVC compounding businesses separately.