# 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.

- Type: Acquisition
- Announced: 2018-07-26
- Where: Israel
- Status: completed
- Products: nonwoven hygiene fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Avgol Nonwoven Industries](https://endata.com/companies/33344.md) (target)

## Sources

- [en.globes.co.il](https://en.globes.co.il/en/article-indorama-completes-acquisition-of-avgol-1001247703), 2018-07-26: "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."

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