IVL Acquires Europe’s Giant “Plastic Recycler” as for Its 7th M&A This Year!
Another agreement has been signed by IVL to acquire Europe’s largest plastic recycler, Sorepla.
1 ส.ค. 2561

Indorama Ventures Public Company Limited or IVL revealed through SET that it has, through its indirect subsidiary, Wellman International 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”).
Sorepla is one of the largest plastics recycler in Europe with a capacity of 52,000 Mt per annum. The acquisition fits into IVL’s long term business as well as the company’s sustainability objectives and signifies the position as a leading recycler in Europe supporting the circular economy. This acquisition expands the opportunity to cater to the increase in demand for Recycled PET.
The value of the above acquisition, calculated in accordance with the regulations of the Capital Market Supervisory Board and the Stock Exchange of Thailand, as prescribed by the regulations of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets, 2004 (as amended), is less than 15 percent and the total size of all transactions in the past 6 months also does not exceed the 15 percent threshold limits as prescribed in the regulations.
 
 
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 (referred to as “Kordarna”). 
 
4th Acquisition – Auriga Polymers Inc., USA (“Auriga”), an indirect subsidiary, joint venture Agreement with Huvis Global Corporation, South Korea on June 18, 2018 to form a 50:50 joint venture limited liability company in USA, by the name of Huvis Indorama Advanced Materials, LLC. (“HIAM”).
 
3rd Acquisition – Indorama Netherlands B.V. (“INBV”) 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 (the “Transaction”).
 
And 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).
 