# Indorama Ventures completes acquisition of M&G Chemicals' Corpus Christi facility

Indorama Ventures, through a joint venture, acquired a PTA-PET production facility in Corpus Christi, Texas, from M&G Chemicals via a bankruptcy auction. The purchase price and capital contributions totaled $1.125 billion.

- Type: Acquisition
- Announced: 2023-06-06
- Where: Corpus Christi, Texas, United States
- Value: $1.13B
- Status: completed
- Capacity: 1.1 million metric tons per year of PET and 1.3 million metric tons per year of PTA
- Products: PTA, PET
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [M&G Chemicals](https://endata.com/companies/4458.md) (target)
- [DAK Americas](https://endata.com/companies/4488.md) (partner)
- [APG Polytech USA Holdings, Inc.](https://endata.com/companies/39202.md) (partner)

## Sources

- [lowenstein.com](https://www.lowenstein.com/news-insights/firm-news/lowenstein-sandler-represents-indorama-ventures-public-company-limited-in-completed-acquisition-of-mg-chemicals-corpus-christi-production-facility), 2023-06-06: "The purchase price and capital contributions totaled $1.125 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.