# 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.

- Type: Acquisition
- Announced: 2022-04-01
- Where: Brazil
- Value: $1.48B
- Status: completed
- Products: ethylene oxide, surfactants, specialty chemicals
- 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)
- [Ultra](https://endata.com/companies/34164.md) (investor)

## Sources

- [valorinternational.globo.com](https://valorinternational.globo.com/business/news/2022/04/03/oxiteno-sold-to-thai-group-for-148bn.ghtml), 2022-04-03: "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."

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