14 July 2005 21:35 [Source: ICIS news]
Votocel is the largest BOPP producer in
With the acquisition, Vitopel will become the largest BOPP producer in
Vitopel has a 36,500 tonne/year plant in
Demand for BOPP has been growing an average 15%/year in
According to market estimates, 40% of
The sale is expected to be completed by 1 August and will be subject to approval by anti-trust authorities.
Vitopel is owned by private equity funds managed by JP Morgan Chase Equity Partners and DLJ/Credit Suisse, which purchased Vitopel from Arcor Partners in August 2000 for $87m.
Vitopel is one of the few private equity investments in the chemicals sector in
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