Thailand’s Indorama acquires 51% of UK packaging manufacturer BPL

23 February 2012 03:47  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand-based Indorama Ventures Ltd (IVL) has acquired a 51% stake in a packaging business in North Ireland, UK, for an undisclosed fee, IVL said on Thursday.

IVL, through its indirect subsidiary, Beacon Trading Limited has acquired a 51% stake in packaging manufacturer Beverage Plastics (Holdings) Limited (BPL), IVL said in a disclosure to the Stock Exchange of Thailand.

“The deal is expected to be completed by the end of this quarter,” a company source said.

By: Samuel Wong

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