INEOS ChlorVinyls announces the sale of its packed chlorine business to 2M Group Limited
INEOS ChlorVinyls has today announced it has completed the sale of its UK packed chlorine business to 2M Group Limited. The value of the deal is not disclosed.
The sale consists of the packed chlorine assets at ChlorVinyls’ Runcorn Site, Cheshire, together with the associated commercial goodwill of this business.
Employees associated with the packed chlorine business will remain with INEOS and will provide dedicated packing services to 2M Group under a service contract.
The sale is part of INEOS ChlorVinyls’ ongoing review of its product portfolio and the desire to focus on its core businesses.
Comments Keith Metcalfe, INEOS ChlorVinyls Business Director: “Packed chlorine is an excellent strategic fit with the existing businesses operated by 2M Group and they have the necessary expertise to maximise the full potential of this business.”
More recently, the Group agreed exclusive manufacturing and marketing rights for the TRIKLONE™ and PERKLONE™ branded business of INEOS ChlorVinyls.
ENDS
For further information please contact:
Craig Welsh, INEOS ChlorVinyls Press Office
Tel: 01928 511528
Email: craig.welsh@ineos.com