Indorama completes acquisition of Avgol Nonwoven Industries

Indorama Ventures completed the acquisition of a 66% stake in Israeli nonwoven hygiene fabrics manufacturer Avgol Nonwoven Industries at a company valuation of NIS 1.7 billion.

“Indorama bought a controlling 66% stake in Avgol from Ethemba and Leumi Partners for NIS 5.88 per share at a company valuation of NIS 1.7 billion.”en.globes.co.il

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• en.globes.co.ilIndorama completes acquisition of Avgol - GlobesKobi YeshayahouJul 26, 2018

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