VINNOLIT was established in 1993 as a joint venture between the companies Wacker and Celanese. In 2000 it was taken over by the two investors M2Capital and Advent International. The shareholders subsequently supported the management in developing VINNOLIT into one of the most important manufacturers of PVC specialities worldwide and in turn reducing the commodity products, which are regarded to be much more sensitive to the economic cycle.
VINNOLIT was able to continually increase the output of specialities during the following years and consistently focussing its production and distribution on the PVC specialities segment Moreover, the business could be extended considerably on a regional scale and with a view to end markets through an increase in the export share. In addition to organic growth, VINNOLIT was able to drive the expansion forward with the support of its owners through a range of successful acquisitions. In 2007 the acquisition of the paste PVC manufacturer Ineos took place. VINNOLIT’S turnover in 2001 amounted to EUR 542 million. This rose continuously until 2010 to EUR 798 million, before a growth spurt occurred after 2011 and total sales reached well above EUR 900 million. In 2014 VINNOLIT employed 1,400 staff and manufactured in six modern plants in Europe. The company remains well-positioned in Europe from a strategic perspective and displays consistently strong business development.
Under the ownership of M2Capital and Advent, VINNOLIT was one of the first companies to convert its production sites for chlorine-alkaline electrolysis in full to environmentally friendly, energy-saving membrane technology. Through this the company made a substantial contribution to increasing energy efficiency and reducing carbon dioxide emissions. Overall VINNOLIT invested approximately one billion euros in the modernisation and expansion of its European production sites as well as into research, development and innovation.
After 14 successful years together, M2Capital and Advent sold VINNOLIT to Westlake Chemical Corporation. Hans-Peter Koller was a member of the Supervisory Board of VINNOLIT Holdings GmbH until it was sold.