# Indorama Ventures to acquire 65.72% stake in Avgol Industries

Indorama Ventures Public Company Limited has entered into a definitive agreement to acquire a 65.72% stake in Avgol Industries, an Israel-based nonwovens manufacturer, for $1.62 per share. The transaction is expected to be completed during the second half of 2018.

- Type: Acquisition
- Announced: 2018-05-13
- Where: Israel
- Status: announced
- Capacity: 203,000 tonnes/annum
- Products: nonwoven fabrics for hygiene applications
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Indorama Ventures Public Co. Ltd.](https://endata.com/companies/16732.md) (acquirer)
- [Avgol Industries 1953 Ltd.](https://endata.com/companies/31841.md) (target)
- [Avgol Industries](https://endata.com/companies/31847.md) (target)

## Sources

- [indoramaventures.com](https://www.indoramaventures.com/en/investor-relations/newsroom/press-releases/915/indorama-ventures-to-acquire-avgol-industries), 2018-05-13: "Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced that it has entered into a definitive agreement to acquire a 65.72% stake in AVGOL INDUSTRIES 1953 LTD."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/indorama-to-acquire-major-stake-in-avgol/), 2018-05-13: "Indorama Ventures Public Company Limited (IVL), a global chemical producer, has entered into a definitive agreement to acquire a 65.72% stake in Avgol Industries, an Israel-based manufacturer of spunmelt nonwovens for $1.62 per share."
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2018/05/indorama-ventures-to-acquire-avgol-industries/), 2018-05-14: "This acquisition represents a unique opportunity for Indorama Ventures to strengthen its leadership position in the high-growth personal hygiene oriented nonwovens market."
- [plasteurope.com](https://www.plasteurope.com/news/detail.asp?id=239734), 2018-05-16: "Polyester giant Indorama Ventures (IVL, Bangkok / Thailand) is acquiring a 65.72% stake in nonwovens manufacturer Avgol Indu..."
- [thefreelibrary.com](https://www.thefreelibrary.com/Indorama+Buys+Controlling+Stake+in+Avgol.-a0543613040), 2018-06-01: "Indorama Ventures Public Company Ltd. (IVL), a global chemical producer, has entered into a definitive agreement to acquire a 65.72% stake in Avgol Industries"

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