Solvay Completes Sale of European PVC Compounding

Folllowing approval by the European Commission, Solvay has completed the sale of its PVC compounding business, Benvic Europe, to US private equity investor OpenGate Capital.

The deal announced in April sees the transfer of the Belgian compounder with annual sales of €160 million and three production sites in France, Italy and Spain.

OpenGate previously acquired the France-based Kem One PVC polymerization business from Swiss-based Klesch Group business and the profile extrusion activities of another Belgian PVC specialist, Tessenderlo.

OpenGate said earlier the two acquisitions will have compounding capacity of 200,000 t/y. Profialis last reported sales of €80 million.

Virtual Event

DIGITALIZATION IN THE CHEMICAL INDUSTRY

DIGITALIZATION IN THE CHEMICAL INDUSTRY

Save the Date: October 22, 2025
The event will be promoted to a combined audience of over 100,000 professionals across Europe through the CHEManager and CITplus networks.

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.