# Indorama Ventures bids to buy M&G Polymers' West Virginia PET plant

Indorama Ventures Public Co. Ltd., through its U.S. subsidiary, is bidding as a stalking horse to buy M&G Polymers USA LLC's PET plant in Apple Grove, West Virginia, and R&D site in Sharon Center, Ohio, for $10 million. The sale is subject to bankruptcy court approval.

- Type: Acquisition
- Announced: 2018-01-17
- Where: Apple Grove, West Virginia; Sharon Center, Ohio, United States
- Value: $10.0M
- Status: announced
- Capacity: 800 million pounds per year of PET
- Products: PET resin
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures Public Co. Ltd.](https://endata.com/companies/16732.md) (acquirer)
- [M&G Polymers USA LLC](https://endata.com/companies/29446.md) (target)

## Sources

- [polyestertime.com](https://www.polyestertime.com/indorama-mossi-ghisolfi-west-virginia-pet-plant/), 2018-01-17: "Indorama, through its U.S. subsidiary Indorama Ventures Holdings LP U.S., was named as a stalking horse bidder for the Apple Grove, W.Va., and Sharon Center, Ohio, facilities in court documents filed Jan. 12."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.