Munich—Global law firm Dentons has advised International Chemical Investors Group (ICIG) on the acquisition of the compounds business of Benvic Group SAS from PVC Europe Group S.a.r.l, an independently managed investment subsidiary of Investindustrial Growth L.P. The transaction is subject to the consultation of Benvic’s works council in France and EU antitrust approval. Closing is expected towards the end of the year.

With the acquisition, ICIG plans to grow the business and strengthen Benvic’s initiatives to become one of the leaders in sustainable solutions for the plastics industry.

ICIG is a privately owned industrial group with annual sales in excess of €3 billion. ICIG focuses on three main platforms: fine chemicals, chlorovinyls, and enterprises. ICIG companies employ approximately 3,900 employees and operate more than 20 manufacturing facilities in Europe and the United States.

Benvic develops, produces and markets thermoplastic solutions based on PVC as well as engineering polymers and bio-polymer compounds at its production facilities in France, Italy, Spain, Poland, the UK and the US. With approximately €500 million of sales and 630 employees, Benvic is one of Europe’s leading producers of PVC compounder as well as a leader in several specialty compounding applications in the US.

A cross-border Dentons team of more than 100 lawyers from Germany, France, UK, the US, Italy, Spain, Poland, Belgium, and Luxembourg advised ICIG on the acquisition. The team provided full-scope advice covering, inter alia, corporate, employment, real estate and environmental aspects as well as antitrust and FDI in the relevant jurisdictions. Munich based partners Thomas Strassner and Christopher Mayston led and coordinated the international team, with support from local lead partners Jean-Marc Grosperrin and Olivia Guéguen (Paris); Joseph Altendorff (London); Ilan Katz (New York) and Richard Fagerer (US/Munich); Pier Francesco Faggiano (Milan); Nieves Briz (Barcelona); Piotr Dulewicz (Warsaw); Namik Ramic (Luxembourg), and Laurens Engelen (counsel, Brussels).

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