KEM ONE: Apollo Funds Complete Acquisition of Kem One Group

NEW YORK and LYON, France, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that funds managed by its affiliates (the "Apollo Funds") have completed the acquisition of Kem One Group ("Kem One" or the "Company") from De Krassny GmbH. Kem One is a leading European producer of polyvinyl chloride (PVC), used mainly in construction, packaging and medical applications, as well as caustic soda. The Company operates eight industrial sites across France and Spain. The acquisition marks the beginning of an exciting new phase for Kem One, as the Company pursues its growth strategy and executes plans to modernize its production footprint. "We are excited to support Kem One's continued evolution, focused on serving Kem One's customers, improving production reliability, and reducing Kem One's environmental footprint. We look forward to working with Kem One's management team and employees over the years to come," said Sam Feinstein, partner at Apollo. Frédéric Chalmin, CEO of Kem One, commented: "The success of this transaction is the work of all the employees, as Alain de Krassny, former Chairman of Kem One, has often emphasized. Now, together with Apollo, we will finalize our current ...Full story available on Benzinga.com