Sinochem International (Overseas) Pte. Ltd. Acquires ELIX Polymers from Sun European Partners
January 11, 2019
Sinochem International (Overseas) Pte. Ltd. has acquired ELIX Polymers, a leading European manufacturer of ABS resins, from an affiliate of Sun European Partners for an enterprise value of €195 million. ELIX — headquartered in Tarragona, Spain — was owned by Sun European Partners since 2012, during which time the PE owner improved operations and materially increased EBITDA prior to the sale.
- Buyers
- Sinochem International (Overseas) Pte. Ltd.
- Targets
- ELIX Polymers
- Sellers
- Affiliate of Sun European Partners, LLP
- Industry
- Manufacturing
- Location
- Catalonia, Spain
- Transaction Type
- Buyout
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