Blank Rome represented Sylvin Technologies, Inc., a specialty plastics manufacturer, in its sale to Mexichem Ethylene Holding Corp., a wholly owned subsidiary of Mexichem S.A, B. de C.V., a publicly traded Mexican company.
Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”) announced that it has acquired Sylvin Technologies Inc., a niche PVC compounds manufacturer based in Denver, Pennsylvania for an Enterprise Value of $39 million based on a debt free cash free valuation. Sylvin is expected to have total sales of $29 million for the full year of 2017. It has a 30-year history of serving a broad range of industries including: wire and cable, electrical, industrial, automotive, medical and food products. Mexichem will consolidate Sylvin under the Company’s Vinyl Business Group as part of its Compounds Business Unit, a leading supplier of PVC compound solutions serving the global market. Our Vinyl Business Group reported sales of $2.2 billion for the trailing twelve months ended September 30, 2017.
The Blank Rome team was led by Barry Genkin (Picture) and Inna Zaltsman, and included Lisa Campisi, Nicole Vorrasi, Jeff Rosenfeld, Lisa Casey Spaniel, Peg Hill, Jonathan Clark, Sam Becker, Courtney Presswood, and Ivy Shapiro.
Involved fees earner: Barry Genkin – Blank Rome LLP; Inna Zaltsman – Blank Rome LLP; Courtney Presswood – Blank Rome LLP; Lisa Campisi – Blank Rome LLP; Samuel Becker – Blank Rome LLP; Nicole Vorrasi – Blank Rome LLP; Jeffrey Rosenfeld – Blank Rome LLP; Lisa Casey Spaniel – Blank Rome LLP; Margaret Hill – Blank Rome LLP; Jonathan Clark – Blank Rome LLP;
Law Firms: Blank Rome LLP;
Clients: Sylvin Technologies Inc;