# Indorama Ventures to acquire Oxiteno for $1.3B

Indorama Ventures Public Company Limited agreed to acquire Brazil-based Oxiteno S.A. Indústria e Comércio from Ultrapar Participações S.A. for $1.3 billion, with a deferred payment of $150 million in 2024. The acquisition gives IVL a unique portfolio in high-value surfactants.

- Type: Acquisition
- Announced: 2021-08-16
- Where: Brazil
- Value: $1.30B
- Status: announced
- Products: surfactants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Oxiteno](https://endata.com/companies/27642.md) (target)
- [Ultrapar Participações](https://endata.com/companies/57116.md) (partner)

## Sources

- [indoramaventures.com](https://www.indoramaventures.com/en/updates/other-release/1800/indorama-ventures-agrees-to-buy-brazil-based-oxiteno-to-create-a-unique-portfolio-in-high-value-surfactants), 2021-08-16: "IVL will purchase Oxiteno for US$1.3 billion (subject to adjustments at closing), with a deferred payment of $150 million in 2024."

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