Mexichem, along with the former shareholders of Sylvin Technologies, a US-based manufacturer of flexible and semi-rigid vinyl and vinyl alloy compounds, are pleased to announce the sale of Sylvin shares to Mexichem.
Founded in 1978 and operating from Denver, Pennsylvania (USA), Sylvin services a broad range of industries including wire & cable, construction, automotive, general purpose and consumer goods.
Sylvin joins the Mexichem Specialty Compounds team under the Mexichem Compounds Business Unit. Mexichem Specialty Compounds is a leading supplier of compound solutions serving the global marketplace from two sites in the US, two sites in the UK, and a purpose-built facility in progress in India that is well positioned to serve the AMEA region. The Mexichem Compounds Business Unit also has sites in Mexico and Colombia, serving its LATAM customer base. It is anticipated that the addition of Sylvin will further expand Mexichem Specialty Compound’s ability to meet global compounding demand.
This transaction marks a continuation of Mexichem’s strategy of expanding its portfolio of speciality products and applications through bolt-on acquisitions which are capable of accessing new customers and end markets. Since 2011 when Mexichem acquired AlphaGary Corporation and Bayshore Vinyl Compounds, and the 2016 acquisition of the Vinyl Compounds Holdings (UK), Mexichem Specialty Compounds has grown to service a broad cross-section of industries with an ever-widening portfolio of both standard and specialized materials.
With Sylvin on board, Mexichem Specialty Compounds looks forward to delivering even greater value to its combined customer base. In addition to the application development capabilities possessed by Sylvin, Mexichem Specialty Compounds has underlined the company’s customer-focused business model and strong team structure as attributes which were important factors in the transaction.
Daniel DeLisle, General Manager of Mexichem Specialty Compounds, said “We are pleased to add Sylvin to our team. Sylvin has built a solid, reputable business over decades by working closely with their customers and providing value-added solutions. This customer-centric focus on material development is the cornerstone to staying in tune with our customers and bringing next-generation technologies forward.”
Chris O’Connell, Sylvin’s Vice President of Sales & Marketing, adds: “Joining the Mexichem family is very exciting. We see immediate growth opportunities within our existing markets and core customers. And the group’s now combined capabilities and solutions will really add new value to the speciality compound market space.” Gautam Nivarthy, Director of Strategy, also notes: “The Sylvin management team operates with the same core values we share in the Compound Business unit and throughout Mexichem. Their additional resources will help us continue to expand globally while enhancing returns on invested capital.”
About Mexichem Specialty Compounds
MSC a leading manufacturer of PVC, TPE, LSHF, Olefin, and other compounds and stabilizer systems, operates from four facilities (two in the US, two in the UK), with a new facility being built in Goa, India. MSC was formed in 2011 upon Mexichem’s purchase of AlphaGary Corporation and Bayshore Vinyl Compounds. AlphaGary had a long-standing reputation in the wire & cable industry with its SMOKEGUARD plenum and MEGOLON low smoke halogen-free technologies. In the medical device industry, AlphaGary was well-known for its ALPHAMED PVC material and for its EVOPRENE TPE compounds widely used in consumer goods products. MSC services a variety of industries with both standard and custom formulations geared toward the needs of demanding applications such as communications cables, medical devices, consumer goods, building products, and automotive parts. MSC emphasizes its health, safety, environment and quality programs by maintaining OHSAS, ISO 9001, ISRS, and ISO 14001 certifications.
Mexichem is a global leader in plastic piping and one of the world’s largest chemical and petrochemical companies. It has more than 50 years of experience. The Company contributes to global development by delivering an extended portfolio of products to high growth sectors such as infrastructure, housing, datacom and water management, among others. With operations in 37 countries, 120 facilities worldwide and more than 18,000 employees, Mexichem has the rights to produce fluorspar in two mines in Mexico, as well as 8 formation academies and 15 R&D labs. Operations are divided into three business groups: Fluent, Vinyl and Fluor. Mexichem has annual revenues of US$5.4 billion and has been traded on the Mexican Stock Exchange for more than 30 years. The company is member of the Mexican Stock Exchange Sustainability Index and the sustainability emerging markets index FTSE4Good.