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ICIG completes the acquisition of Benvic
International Chemical Investors completes the acquisition of the compounds business of Benvic from Investindustrial.
Benvic will form the basis for a new “Compounds” platform within ICIG and will continue to operate under the “Benvic” branding and market approach.
A well-diversified compounds platform poised for continued growth
PVC Europe Group S.a.r.l, an investment subsidiary of Investindustrial Growth L.P., has successfully completed the sale of the compounds business of Benvic Group SAS to a strategic investor, International Chemical Investors (ICIG).
Since Investindustrial’s entry, Benvic was transformed into a global leader in thermoplastic solutions through a programme of 10 add-on acquisitions across Europe and the US. The successful strategy allowed Benvic to achieve a transformational journey to significantly grow both sales and EBITDA and evolve from a niche compounder into a well-diversified platform poised for continued growth.
Under Investindustrial’s ownership, Benvic has also consolidated its position as a first mover and leader on ESG matters. Benvic’s contribution to the United Nation’s Sustainable Development Goals (SDGs) include SDG 3, Good Health and Well-Being, and SDG 12, Responsible Consumption and Production. The company also completed an ESG-linked refinancing, which was one of the first of its kind in the European market, and directed its action towards the circular economy by developing sustainable and renewable materials.
Benvic will form the basis for a new “Compounds” platform within ICIG and will continue to operate under the “Benvic” branding and market approach.
The signing of the transaction was announced in late August and has since received all customary approvals.
