The Vynova site in Wilhelmshaven
© Vynova
In the insolvency proceedings of Vynova Wilhelmshaven, the provisional insolvency administrator Christian Kaufmann from Pluta Rechtsanwaltsgesellschaft has announced good news regarding the ongoing investor process. The restructuring expert has signed a letter of intent with the listed US chemicals group Westlake regarding the acquisition of the production site for polyvinyl chloride and vinyl chloride monomer in Wilhelmshaven.
Westlake Vinnolit, a German subsidiary of Westlake Corporation, intends to take over the business operations and all of the approximately 350 employees of Vynova Wilhelmshaven. The planned takeover has been notified to the relevant authorities for approval. The purchase…