Sylvin services a broad range of industries including wire & cable, construction, automotive, general purpose, and consumer goods.
February 9, 2018
Mexichem, along with the former shareholders of Sylvin Techno-logies, a US-based manufacturer of flexible and semi-rigid vinyl and vinyl alloy compounds, are pleased to announce the sale of Sylvin shares to Mexichem. Founded in 1978 and operating from Denver, Pennsylvania (USA), Sylvin services a broad range of industries including wire & cable, construction, automotive, general purpose and consumer goods.
Sylvin joins the Mexichem Specialty Compounds team under the Mexichem Compounds Business Unit. Mexichem Specialty Compounds is a leading supplier of compound solutions serving the global marketplace from two sites in the US, two sites in the UK, and a purpose-built facility in progress in India that is well positioned to serve the AMEA region. The Mexichem Compounds Business Unit also has sites in Mexico and Colombia, serving its LATAM customer base. It is anticipated that the addition of Sylvin will further expand Mexichem Specialty Compound’s ability to meet global compounding demand.
This transaction marks a continuation of Mexichem’s strategy of expanding its portfolio of speciality products and applications through bolt-on acquisitions which are capable of accessing new customers and end markets. Since 2011 when Mexichem acquired AlphaGary Corporation and Bayshore Vinyl Compounds, and the 2016 acquisition of the Vinyl Compounds Holdings (UK), Mexichem Specialty Compounds has grown to service a broad cross-section of industries with an ever-widening portfolio of both standard and specialized materials.
With Sylvin on board, Mexichem Specialty Compounds looks forward to delivering even greater value to its combined customer base. In addition to the application development capabilities possessed by Sylvin, Mexichem Specialty Compounds has underlined the company’s customer-focused business model and strong team structure as attributes which were important factors in the transaction.
Daniel DeLisle, General Manager of Mexichem Specialty Compounds, said “We are pleased to add Sylvin to our team. Sylvin has built a solid, reputable business over decades by working closely with their customers and providing value-added solutions. This customer-centric focus on material development is the cornerstone to staying in tune with our customers and bringing next-generation technologies forward.”
Chris O’Connell, Sylvin’s Vice President of Sales & Marketing, adds: “Joining the Mexichem family is very exciting. We see immediate growth opportunities within our existing markets and core customers. And the group’s now combined capabilities and solutions will really add new value to the speciality compound market space.”
Gautam Nivarthy, Director of Strategy, also notes: “The Sylvin management team operates with the same core values we share in the Compound Business unit and throughout Mexichem. Their additional resources will help us continue to expand globally while enhancing returns on invested capital.”
