French PVC producer Kem One (Lyon; www.kemone.com) has been acquired by funds managed by the affiliates of US private equity firm Apollo Global Management (New York, New York; www.apolloic.com) following exclusive negotiations with Alain de Krassny, former chairman and majority shareholder of Kem One. Terms of the sale were not disclosed.

Kem One CEO Frédéric Chalmin said the acquisition will allow the company to execute plans to modernise its production footprint, improve its production reliability and reduce its environmental footprint as part of its growth strategy. The company plans to finalise current industrial projects, such as the construction of the ethylene storage terminal and conversion of its French electrolysis plant in Fos-sur-Mer (see Plasteurope.com of 30.06.2021), and plans to work with Apollo to implement other large-scale projects.

Kem One has eight production facilities in France and Spain for PVC, PVC compounds, and precursors VCM, EDC, and chlorine (see Plasteurope.com of 14.09.2021). It has PVC capacity of almost 950,000 t/y, according to Plasteurope.com’s Polyglobe database (www.polyglobe.net).