# FTC clears $1.1B sale of unfinished M&G Texas resin plant to Corpus Christi Polymers

The US Federal Trade Commission approved, with conditions, the $1.1 billion bankruptcy sale of M&G USA's unfinished plastic resin factory in Corpus Christi, Texas, to Corpus Christi Polymers LLC.

- Type: Acquisition
- Announced: 2019-02-25
- Where: Corpus Christi, Texas, United States
- Value: $1.10B
- Status: announced
- Products: PET resin
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Corpus Christi Polymers](https://endata.com/companies/4675.md) (acquirer)
- [M&G USA Corp](https://endata.com/companies/4676.md) (target)

## Sources

- [law360.com](https://www.law360.com/articles/1132606/corrected-m-g-plastics-plant-s-1-1b-ch-11-sale-cleared), 2019-02-26: "The U.S. Federal Trade Commission released an order Monday approving the $1.1 billion bankruptcy sale of an unfinished Texas plastic resin factory"

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