Breaking News

Trevira Deal Finalized

July 5, 2011

Indorama, Sintorema buy polyester manufacturer.

Indorama Ventures’ and Sintorema’s takeover of polyester manufacturer Trevira is complete. After receiving the green light from the relevant cartel authorities in Belgium and Turkey, the change in ownership finally took place on July 1, months after the deal was signed by both investors.
“Trevira is a traditional enterprise with a qualified workforce and great potential for the future," declared auditor Werner Schneider. "With a company sale there was always also the question of the people involved and of preserving expertise. The sale to the consortium of strategic investors with direct links to the textile industry provided the best opportunity for sustained development in the future.”
Trevira’s supervisory board member Hans-Joachim Becker, who had played a decisive role in supporting Schneider during the sales process, also sees this takeover positively: "The new owners are a guarantee for continuity."

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