Indorama Netherlands B.V. Purchased Stake in SASA Polyester Sanayi
CHEMMONITOR.COM - The subsidiary of the Thai company Indorama Ventures Public Company Limited, Indorama Netherlands B.V., bought a stake (51%) in Turkey-based SASA Polyester Sanayi from industrial and financial conglomerate Haci Ömer Sabanci Holding (Turkey). The mandatory tender for the remaining 49% stake is expected to be announced.
The acquisition is a part of the strategic expansion plan. Indorama Netherlands B.V. is in plans to better cater to its customers and to offer them a deeper product portfolio.