Curtis Wool Direct

Indorama to acquire Schoeller

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Indorama in Bangkok Thailand through its indirect subsidiary, Glanzstoff Management GmbH, has entered into a sale and purchase agreement with Schoeller Immobilien- und Beteiligungs GmbH and Schoeller Management GmbH.

 

Indorama will acquire a 100% equity stake in Schoeller Group in Europe, and its operating plants in Austria, Czech Republic and Germany.

 

Schoeller Group is a leading European producer of pure wool and wool blend worsted yarn, having one dyeing facility in Austria and one spinning facility in the Czech Republic, with a total production capacity of 3,600 tons per annum and having numerous industrial and non-industrial applications used by global leading brands.

 

In 1994 Indorama started in premium worsted wool yarns, before entering the chemical industry. Indorama Holdings Ltd was the first worsted wool yarn producer in Thailand.

 

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