Mexichem obtains Sylvin Technologies

Mexichem acquires Sylvin Technologies Inc., a niche PVC compounds manufacturer based in Denver,Pennsylvania for an Enterprise Value of $39 million. Sylvin is likely to have total sales of $29 million for the full year of 2017. It has a 30-year legacy of serving a broad range of industries including: wire and cable, electrical, industrial, automotive, medical and food products. Mexichem will consolidate Sylvin under the Company’s Vinyl Business Group as part of its Compounds Business Unit, a leading supplier of PVC compound solutions serving the global market.

Antonio Carrillo, CEO of Mexichem claimed “The acquisition of Sylvin is a further step towards downstream integration in specialty products with higher margins that enables sustainable growth of our return on invested capital over our weighted average cost of capital in the long run.”

Sylvin’s key raw materials are PVC resin, plasticizers and stabilizers, which should bring synergies to Mexichem’s Vinyl operations therefore combining Sylvin’s application development capabilities with Mexichem’s global compounds business ensuring delivering higher value to its combined U.S customers.