Indorama, a chemicals company, agreed to acquire Oxiteno, a multinational producer of surfactants and specialty chemicals, from Ultrapar, a firm that engages in specialized distribution and retail, specialty chemical production, for $1.45bn. “This acquisition is a natural fit for us. We have a solid track record of continuously driving value for shareholders through successfully integrating 50 acquisitions over the past 20 years. With Oxiteno, we are creating a global leader in surfactants. By bringing our companies together, we are strengthening our customer value proposition, our market reach, and our experienced team. Like us, Oxiteno grew as a family enterprise with an entrepreneurial mindset. The combination of our teams is unmatched in our industry, and we look forward welcoming them to our family," Aloke Lohia, IVL CEO.