INEOS Compounds and Doeflex Compounding have today implemented the combination of their respective PVC compounding businesses.
The newly combined business features an integrated management team from both entities and is known as INEOS Compounds.
Comments Jonathan Stewart, Chief Operating Officer of INEOS Compounds: "This combination represents a strategic opportunity for both parties and is highly complementary to our long term growth strategy. Customers will benefit from access to an extended product range; improved supply chain flexibility and combined expertise leading to improved technical and manufacturing production capability."
Completion of the business combination has created a leading European PVC compounds producer with a turnover in excess of €200m and manufacturing sites in the UK, Sweden and Switzerland.
ENDS
For further information please contact:
Craig Welsh, INEOS Compounds Press Office
Telephone + 44 (0) 1928 511528
Email: craig.welsh@ineos.com
Editor notes:
INEOS
Part of the INEOS group of companies, INEOS Compounds is a PVC compounds manufacturer with three sites located in the UK, Switzerland and Sweden. The business supplies specialised formulations of both rigid and flexible PVC compounds predominantly into the construction and medical supplies sectors across Europe.
Doeflex
Doeflex Compounding Limited is an independent PVC compounder in the UK. With more than 60 years of manufacturing excellence the Company produces nearly 10,000 different compounds in both rigid and flexible PVC. Doeflex's manufacturing facility is based in Swindon, UK.