Indorama Ventures completed its acquisition of Sinterama.

Indorama Ventures, a producer in the intermediate petrochemicals industry and a global manufacturer of wool yarns, through its indirect subsidiary Indorama Netherlands,​ completed its acquisition of Sinterama, a provider of textile products. Financial terms were not disclosed. “This acquisition marks an important milestone in our strategic alliance with Sinterama, which has been a partner in Trevira since 2011 and is the industry partner of choice for high-value filament yarns. While we have achieved significant growth in this space over the past years, we believe Sinterama will be the catalyst for us to consolidate and advance our position in this highly demanding and exclusive market. Sinterama brings along a very experienced team of highly respected professionals who together with IVL management make a formidable combination of managerial excellence. Bringing Sinterama’s experience and network of strategically located facilities into IVL will enable us to provide best-in-class offerings for customers. We are now better positioned than ever to meet the needs and exceed the expectations of customers on a truly global scale.” Aloke Lohia, Indorama Ventures Group CEO.