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OpenGate Capital Acquires Kem One Innovative Vinyls from The Klesch Group

July 31, 2015

Paris – Paul Hastings LLP, a leading global firm, has advised OpenGate Capital, a global private equity firm, in connection with the acquisition of Kem One Innovate Vinyls from The Klesch Group. Kem One Innovative Vinyls produces downstream polyvinyl chloride, “PVC”, products including compounds, profiles and tubes at its facilities in Europe, Asia and Mexico. Terms of the transaction were not disclosed.

Kem One Innovative Vinyls produces and distributes rigid and flexible end products that are used in a variety of applications across a multitude of industries including automotive, construction, furnishings, electrical, packaging, paramedical, healthcare, industrial equipment and others. The business operates under two brand names, Resinoplast, which specializes in compound manufacturing, and Alphacan, which produces converted materials including window profiles and tubes. Kem One Innovative Vinyls is headquartered in France, has 13 plants across Europe, Asia and Mexico, revenues of approximately €350 million, 1,200 employees, and serves a global customer base.    

The acquisition of Kem One Innovative Vinyls, announced in January 2014, follows OpenGate Capital’s investment in Kem One SAS, which was also advised by the French restructuring team of Paul Hastings led by Lionel Spizzichino. Kem One SAS is an upstream producer of PVC resins that will continue to serve as a source of raw materials to Kem One’s downstream operations, Resinoplast and Alphacan.

The Paul Hastings team was led by Paris partner

, who advised on the restructuring aspects with associate . The team also included Paris corporate partner  and associate , Beijing and Shanghai partners  and  with associates  and and Milan partner  and associate .

Gide Loyrette Nouel also represented OpenGate Capital, with Dimitri Dimitrov (Partner) and Edgard Nguyen.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.

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