# Stark Corporation acquires Thịnh Phát Cables and Đồng Việt Non-Ferrous & Plastic for $240M

Thailand's Stark Corporation, through its subsidiary Phelps Dodge International, completed the acquisition of Vietnamese cable makers Thịnh Phát Cables (Thipha) and Đồng Việt Non-Ferrous & Plastic (Dovina) for a combined value of US$240 million.

- Type: Acquisition
- Announced: 2020-04-28
- Where: Ho Chi Minh City, Vietnam
- Value: $240.0M
- Status: completed
- Products: electrical wires and cables, copper and aluminum processing
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Stark](https://endata.com/companies/38687.md) (acquirer)
- [Phelps Dodge International (Thailand)](https://endata.com/companies/46831.md) (acquirer)
- [Thịnh Phát Cables](https://endata.com/companies/46832.md) (target)
- [Đồng Việt Non-Ferrous & Plastic](https://endata.com/companies/46833.md) (target)

## Sources

- [vietnamnews.vn](https://vietnamnews.vn/economy/715943/thai-stark-corporation-acquires-vietnamese-cable-makers-in-a-240m-deal.html), 2020-04-28: "The overall business of the company and the target companies is similar and complement the company’s core business and also enhance the competitive advantages of the group company for domestic and international markets."

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