Mexichem Makes US Buy

Mexichem continues to grow beyond its home market, with the $250m purchase of the base resin assets of PolyOne, the companies say. The US seller is divesting its vinyl dispersion, blending and suspension resin assets in order to shift its focus to specialty chemicals. For Mexichem, the deal boosts its US footprint, especially in the niche market for custom products. The assets booked revenues of $147m in 2012. The transaction is subject to regulatory approvals. The companies did not respond to requests for additional comment.