# Indorama Ventures to acquire controlling interest in Avgol Industries

Indorama Ventures Spain SL, affiliated with Indorama Ventures, agreed to acquire a 50.76% stake in Avgol Industries from HFH International BV and an additional 14.96% from Leumi Partners, for an undisclosed amount.

- Type: Acquisition
- Announced: 2021-10-18
- Status: announced
- Products: nonwoven solutions
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Avgol Industries](https://endata.com/companies/31847.md) (target)
- [Leumi Partners](https://endata.com/companies/58292.md) (investor)
- [HFH International BV](https://endata.com/companies/58493.md) (investor)

## Sources

- [avgol.com](https://www.avgol.com/indorama-ventures-to-acquire-controlling-interest-in-avgol-industries/), 2021-10-18: "Avgol has today notified the Tel-Aviv Stock Exchange that an agreement was signed this morning under which HFH International BV, our majority shareholder, will sell its shares, which constitute 50.76% of our issued share capital, to Indorama Ventures Spain SL, a private corporation affiliated to Ind"

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