Lowenstein Sandler represented Indorama Ventures Public Company Limited (IVL), a world-leading producer of intermediate petrochemicals, in connection with its acquisition of the PTA business of CEPSA Chimie Montréal s.e.c in Montreal, Canada from Cepsa Química SA, wholly-owned affiliate of Cepsa, and IQ CHIMIE INC., a subsidiary of Investissement Québec. The 600,000 tonne PTA plant will provide Indorama Ventures with feedstock security to better serve its customers and will enhance Indorama Ventures' position in North America. The transaction was completed on June 1, 2015. The Lowenstein deal team was led by Nicholas San Filippo IV and Ethan A. Skerry and also included Sam E. Khan, Casey O'Connor, Eugene Cheval, Robert Bee, Jr., Jeffrey M. Shapiro and Jack D. Sidorov.
June 1, 2015