Alain de Krassny negotiates with the Apollo Funds for sale of Kem One Group
Alain de Krassny and Apollo Global Management have entered into exclusive negotiations for the sale of the Kem One Group to funds managed by affiliates of Apollo. This proposed sale is expected to be finalised by the end of the year. With 1,400 employees and 8 industrial sites located across France and Spain, Kem One produces PVC and medical applications and caustic soda. Under Mr. de Krassny’s leadership, Kem One has undergone a transformation since 2014 and an investment programme of more than €500 million, with three projects:
- The conversion and upgrade of the electrolysis units of Kem One’s Lavéra plant, completed in 2017
- The construction of an ethylene storage terminal at Kem One’s Fos-sur-Mer plant, to be finalised in Q4 2021
- The conversion and upgrade of the electrolysis units at Fos-sur-Mer which will be launched in the coming months and completed under Apollo’s ownership
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