IVL Acquires German Airbag Fabrics Company for its 10th Acquisition of the Year!
UTT, one of the leading suppliers of airbag fabrics and other highly specialized solutions in the field of technical textiles, is the 10th acquisition of IVL in 2018.
11 ธ.ค. 2561

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.
 
UTT is one of the leading suppliers of airbag fabrics and other highly specialized solutions in the field of technical textiles, with two manufacturing sites located in Germany and Mexico and with the annual capacity of approx. 12,000 Mts.
 
The acquisition of UTT by PHP Fibers brings together two pioneers in the airbag market who have worked together closely and trustingly for more than two decades. This acquisition will provide an opportunity for IVL to further expand its portfolio in the airbag sector and become an integrated manufacturer of airbag yarns and textiles globally, while offering a wider choice to its customers in a more cost efficient manner.
 
This transaction is expected to be completed within Q1, 2019, subject to regulatory approvals.
 
The acquisition of UTT in Germany is the 10th acquisition of IVL in 2018 after:
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 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).
 