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Indorama Ventures acquires Oxiteno from Ultra group for $1.48B · Endata

◂ Announcements

Apr 1, 2022ACQUISITIONBrazil

Indorama Ventures acquires Oxiteno from Ultra group for $1.48B

Indorama Ventures Public Company Limited completed the acquisition of Oxiteno from the Ultra group for $1.48 billion. The deal makes Indorama the top ethylene oxide and surfactants producer in the Americas, adding Oxiteno's 11 plants in South and North America.

Value

$1.48B

Status

Completed

Productsethylene oxidesurfactantsspecialty chemicals

CompaniesIndorama Ventures acquirer Oxiteno target Ultra investor

Sectors#Specialty Chemicals

“The sale of the chemical industry Oxiteno — which belonged to Ultra group — to Indorama — leader in the Brazilian PET resin market — was concluded on Friday for $1.48 billion.”valorinternational.globo.com

1 source
valorinternational.globo.comOxiteno sold to Thai group for $1.48bnStella FontesApr 3, 2022

Summarized from public sources; check the original articles before acting on it.

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