Ink Chemicals Acquires Brazilian DVG Shares
2025-10-12 03:06:06
According to Xinhua News Agency, Mexico-based chemical company Mexichem has recently announced a major strategic move by acquiring 70% of the shares in Brazil's DVG Plastics Products Co., Ltd. The transaction was carried out through Mexichem's subsidiary Amanco Brasil, and the company has stated its intention to acquire the remaining 30% over the next three years, aiming for full ownership of DVG.
DVG Plastics is a key player in the production of PVC pipes used for water supply and drainage systems, as well as other construction-related materials, including those used in agricultural irrigation and power infrastructure projects. In 2007, the company reported sales of $61 million, with its products primarily distributed across southeastern, central, and northeastern regions of Brazil.
Mexichem emphasized that this acquisition is a significant step in strengthening its presence in Latin America, particularly in Brazil, one of the region’s largest and most dynamic markets. The deal is expected to enhance Mexichem’s market share, expand its product portfolio, and support long-term growth in the region. Analysts believe that this move could also help Mexichem better meet the growing demand for sustainable and durable plastic solutions in infrastructure development across South America.
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