# Corpus Christi Polymers acquires PTA-PET facility from M&G Chemicals

A joint venture of Indorama Ventures, DAK Americas (Alpek), and APG Polytech (Far Eastern New Century) acquired a PTA-PET production facility in Corpus Christi, Texas, from M&G Chemicals through a bankruptcy auction. The plant, under construction, will have capacity of 1.3 million metric tons of PTA and 1.1 million metric tons of PET per year.

- Type: Acquisition
- Announced: 2019-05-01
- Where: Corpus Christi, Texas, United States
- Status: completed
- Capacity: 1.3 million metric tons per year of PTA, 1.1 million metric tons per year of PET
- Products: purified terephthalic acid (PTA), polyethylene terephthalate (PET)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Alpek](https://endata.com/companies/4456.md) (partner)
- [Far Eastern New Century](https://endata.com/companies/4457.md) (partner)
- [M&G Chemicals](https://endata.com/companies/4458.md) (target)
- [DAK Americas](https://endata.com/companies/4488.md) (partner)
- [Corpus Christi Polymers](https://endata.com/companies/4675.md) (acquirer)
- [Indorama Ventures Public Co. Ltd.](https://endata.com/companies/16732.md) (partner)
- [APG Polytech USA Holdings, Inc.](https://endata.com/companies/39202.md) (partner)

## Sources

- [lowenstein.com](https://www.lowenstein.com/news-insights/firm-news/acquisition-led-by-nicholas-san-filippo-receives-large-market-deal-of-the-year-award), 2019-05-01: "The completed plant will be the largest vertically integrated PTA-PET production facility of its kind anywhere in the world."

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