EuroWire March 2018

Corporate News

Sylvin is added to the Mexichem family Mexichem, a USA-based manufacturer of flexible and semi-rigid vinyl and vinyl alloy compounds, has bought the shares of Pennsylvania, USA-based Sylvin. Founded in 1978 and operating from Denver, Pennsylvania, Sylvin services a broad range of products in the wire and cable, construction, automotive, general purpose and consumer goods industries. Sylvin joins the Mexichem Specialty Compounds team under the Mexichem Compounds Business Unit. Mexichem Specialty Compounds is a supplier of compound solutions serving the global marketplace from two sites in the USA, two sites in the UK, and a purpose-built facility in progress in India that is well positioned to serve the EMEA region. The Mexichem Compounds Business Unit also has sites in Mexico and Colombia, serving its LATAM customer base. It is anticipated that the addition of Sylvin will further expand Mexichem Specialty Compound’s ability to meet global compounding demand. This transaction marks a continuation of Mexichem’s strategy of expanding its portfolio of speciality products and applications through bolt-on acquisitions, capable of accessing new customers and end markets. Since 2011 when Mexichem acquired AlphaGary Corporation and Bayshore Vinyl Compounds, and the 2016 acquisition of the Vinyl Compounds Holdings (UK), Mexichem has grown to service a broad cross-section of industries with an ever-widening portfolio of both standard and specialised materials. With Sylvin on board, Mexichem Specialty Compounds looks forward to delivering even greater value to its combined customer base. In addition to the application development capabilities possessed by Sylvin, Mexichem has underlined the company’s customer-focused business model and strong team structure as attributes which were important factors in the transaction. Daniel DeLisle, general manager of Mexichem Specialty Compounds, said “We are pleased to add Sylvin to our team. Sylvin has built a solid, reputable business over decades by working closely with their customers and providing value-added solutions. “This customer-centric focus on material development is the cornerstone to staying in tune with our customers and bringing next-generation technologies forward.” Chris O’Connell, Sylvin’s vice president of sales and marketing, added: “Joining the Mexichem family is very exciting. We see immediate growth opportunities within our existing markets and core customers. And the group’s now combined capabilities and solutions will really add new value to the speciality compound market space.” Gautam Nivarthy, director of strategy, also added: “The Sylvin management team operates with the same core values we share in the compound business unit and throughout Mexichem. Their additional resources will help us continue to expand globally while enhancing returns on invested capital.”

Mexichem – USA

Website : www.mexichem.com

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March 2018