Thai Indorama to buy Old World I's MEG plant in USA

07 Feb '12

3 min read

The deal is financed in part by new credit facilities granted by Siam Commercial Bank and cash available with IVL from earlier fund raising activities. Evercore Partners and HSBC were financial advisors to IVL and Allen & Overy acted as legal advisors. The Company received market and technical due diligence by CMAI, ERM and Jacobs. William Blair were financial advisors to Old World and Bracewell & Giuliani advised Old World.

Indorama Ventures Public Company Limited, listed in Thailand is a leading producer in the polyester value chain in Thailand with a strong global network and manufacturing across Asia, Europe and North America. Its products serve major players in diversified end use markets, including food, beverages, personal and home care, health care, automotives, textile, and industrial. The company's main products are PTA, PET and Polyester fibre, which are distributed across the world. IVL has approximately 9,000 employees worldwide and last 12 months (ending Q3/2011) consolidated revenue of US$5.5 billion.

Indorama Ventures Public Company Limited (IVL)

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