IVL Hastens the Pace to Take the 11th Acquisition of 2018 in Specialty PET Business
IVL has announced its 11th acquisition of the year in specialty PET business in Germany.
20 ธ.ค. 2561

Indorama Ventures Public Company Limited (IVL) has announced that its indirect subsidiary, Indorama Netherlands B.V., has signed a definitive agreement on December 20, 2018 with Arteva Holdings GmbH; INVISTA Textiles (U.K.) Limited; and INVISTA Equities, LLC, to acquire a 100% stake in the PET business of INVISTA Resins &amp; Fibers GmbH, Germany (IRFG); and certain Intellectual Property Rights of INVISTA Textiles (U.K.) Limited with regards to its barrier technology.
 
PolyShield® PET and OxyClear® Barrier PET are well-known brands in oxygen barrier packaging. The IRFG plant is located in Gersthofen, Germany and manufactures high value-added PET with a combined capacity of 282,000 tons/ annum.
This acquisition will allow IVL to extend its product portfolio of High Value-added (HVA) Polymers into Europe and expand its footprint in barrier resins market from North America to Rest of the World by leveraging on the IP Rights being acquired. PET packaging with oxygen barrier is used by the food and beverage industry to further increase the shelf life of the products.
This transaction is expected to be completed within Q1, 2019, subject to regulatory approvals.
The acquisition of IRFG in Germany is the 11th acquisition of IVL in 2018 after:
10th Acquisition – Indorama Ventures Public Company Limited (IVL) has announced that it has, through its indirect subsidiary PHP Fibers GmbH (PHP Fibers), signed a definitive Share Purchase and Transfer Agreement on December 7, 2018 with Mr. Wilfried Trumpp and Ms. Venere Polito, to acquire a 100% stake in UTT Beteiligungsgesellschaft mbH (UTT), Germany.
9th Acquisition – Indorama Ventures Public Company Limited (IVL), through its indirect subsidiary Indorama Ventures Brazil Participações S.A. (IVBRZ), signed a definitive Sale and Purchase Agreement on November 1, 2018 with M&amp;G Fibras Holding S.A., M&amp;G Fibras Participações Ltda., and M&amp;G Fibras e Resinas Ltda. to acquire a 100% stake in M&amp;G Fibras Brasil Ltda. located in Cabo de Santo Agostinho, Brazil.
8th Acquisition – IVL, through its indirect subsidiary, Glanzstoff Management GmbH, entered into a definitive Sale and Purchase Agreement with Schoeller Immobilien- und Beteiligungs GmbH and Schoeller Management GmbH on September 28th, 2018 to acquire 100% Equity stake of Schoeller Group in Europe, with operating plants in Austria, Czech Republic, and Germany.
7th Acquisition – Indorama Ventures Public Company Limited signed a definitive Share Purchase Agreement on July 30th, 2018 with Aeromaritime Systems Group B.V. for the acquisition of 100% of the share capital of Sorepla Technologie S.A. and its subsidiary, namely Société de Recyclage de Matières Plastiques (Sorepla Industrie) S.A., in France (Sorepla) through its indirect subsidiary, Wellman International Limited.
6th Acquisition – Indorama Netherlands B.V. (INBV), an indirect subsidiary, signed a Share Purchase Agreement on July 18th, 2018 with Middle East Glass S.A.E. and Mohamed Hassan Samaha for the acquisition of 74% of the share capital of Medco Plast for Packing and Packaging Systems S.A.E., Egypt (MEDCO).
5th Acquisition – Indorama Ventures Spain S.L. (IVSSL) entered into a definitive Sale and Purchase Agreement with PROXY – FINANCE a.s., PROSPERITA holding a.s. and Ing. IGOR FAIT on June 28th, 2018 to acquire 100% Equity stake in KORDÁRNA Plus a.s. in the Czech Republic (Kordarna).
4th Acquisition – Auriga Polymers Inc., USA (Auriga), an indirect subsidiary, has entered a joint venture Agreement with Huvis Global Corporation, South Korea on June 18, 2018 to form a 50:50 joint venture limited liability company in the USA, by the name of Huvis Indorama Advanced Materials, LLC. (HIAM).
3rd Acquisition – Indorama Netherlands B.V. (INBV) entered a joint venture agreement with Dhunseri Petrochem Limited (Dhunseri), India to acquire the PET facility of Egyptian Indian Polyester Company S.A.E. (EIPET) in Egypt.
2nd Acquisition – Indorama Ventures Spain S.L. (IVSSL) acquired an Equity stake of 65.72% in Avgol Industries 1953 Ltd., a listed entity on the Tel Aviv Stock Exchange (TASE), Israel.
1st Acquisition – Indorama Ventures Spain S.L. (IVSSL) signed a definitive Securities Purchase Agreement on March 15th, 2018 with M&amp;G Chemicals Brazil S.A. to acquire a 100% stake in M&amp;G Polimeros Brazil S.A. in Ipojuca, Brazil. The plant is the largest PET facility in Brazil with a capacity of 550,000 tons per annum. This plant is strategically located and benefits from a virtual integration with its key feedstock supplier of Purified Terephthalic Acid (PTA).
 