- Apollo Funds completed the acquisition from De Krassny GmbH.
- Kem One produces PVC and caustic soda.
- The company operates eight sites in France and Spain.
- Advisors included Evercore, Orrick, Paul Weiss, Bredin Prat, Barclays, HSBC, and RBC.
Acquisition Overview
Apollo Funds have completed the acquisition of Kem One Group from De Krassny GmbH. Kem One is a prominent European producer of polyvinyl chloride (PVC) and caustic soda, operating eight industrial sites across France and Spain.
Strategic Goals
The acquisition aims to support Kem One's growth strategy and modernization plans. Key projects include the construction of an ethylene storage terminal and the conversion of the Fos-sur-Mer electrolysis plant.
Leadership and Management
Frédéric Chalmin will continue as CEO of Kem One, reporting to a Board of Directors that includes Apollo representatives and independent industry experts. Jim Voss has been appointed Chairman of the Board.
Advisors and Legal Counsel
Kem One and De Krassny were advised by Evercore and Orrick, Herrington & Sutcliffe LLP. Apollo Funds were advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP and Bredin Prat SAS, with financial advisory from Barclays, HSBC, and RBC Capital Markets.
