# SK global chemical to acquire 10% stake in Loop Industries

SK global chemical agreed to acquire a 10% equity stake in Loop Industries for $56.5 million and signed a memorandum of understanding for a joint venture to build Infinite Loop facilities in Asia.

- Type: Acquisition
- Announced: 2019-03-06
- Where: Bécancour, Québec, Canada
- Value: $56.5M
- Status: announced
- Products: sustainable plastics, recycled PET
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Loop Industries](https://endata.com/companies/4019.md) (target)
- [SK Global Chemical Co.](https://endata.com/companies/21935.md) (investor)

## Sources

- [markets.bostonherald.com](http://markets.bostonherald.com/bostonherald/article/accesswire-2021-6-23-sk-global-chemical-to-acquire-10-percent-equity-stake-in-loop-industries-companies-announce-strategic-partnership-to-bring-sustainable-and-circular-plastics-to-asian-market), 2019-03-06: "SK global chemical to become second largest shareholder."

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