in this issue
Markets :: Plastics :: PET
Indorama Acquires Two PET Plants From Invista
10:34 AM MST | November 12, 2010 | Nancy Seewald
Indorama Ventures (IVL; Bangkok) says it has agreed to acquire Invista’s polyethylene terephthalate (PET) and resins manufacturing plants at Spartanburg, SC and Querétaro, Mexico for $420 million less certain assumed liabilities. The purchase price includes $229 million for the net fixed assets and equity interests, and $174 million for the net working capital of the business. IVL says that all associated staff will be included in the acquisition, including administrative workers at Charlotte, NC and Santa Fe, NM. The deal is expected to close in the...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee