Indorama Ventures acquire PET manufacturing facility in Germany

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Recycling firm DS Smith has announced that it is selling its plastics division to Olympus Partners for an enterprise value of $585 million.
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Chemical producer Indorama Ventures (IV) has announced that it has made an agreement to acquire Invista Resins & Fibres GmbH, which owns a PET manufacturing facility in Gersthofen, Germany.  

The facility has a combined capacity of 282,000 tonnes per annum and employs 140 people, with the transaction expected to be completed in the first quarter of 2019, subject to regulatory approvals.  

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According to IV, Invista is a strong fit with the firm and is . . .

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