Indorama Ventures Completes Acquisition of Oxiteno

摘要

Indorama Ventures Public Company Limited (IVL) completed its acquisition of 100 of Brazil-based Oxiteno S.A. Industria e Comercio, becoming a leading global supplier in the high-value surfactant markets. The acquisition of Oxiteno, formerly a subsidiary of Ultrapar Participates S.A., was announced in August 2021. Through the acquisition, IVL extends its growth profile into attractive markets in Latin America and the US, with additional potential to expand in Europe and Asia. "This strategic acquisition is aligned to our Vision 2030 of growing our industry leadership in sustainability and our continued goal to double our EBITDA every five years," D. K. Agarwal, IVL's CEO, said. Contributing Editor