BDA advises Ngoc Nghia on its sale to Indorama Ventures

BDA Partners is pleased to announce the completion of the public tender offer process for the acquisition of Vietnam’s Ngoc Nghia Industry – Service – Trading JSC by global chemical company Indorama Ventures Public Company Limited (IVL), effective on 21 April 2022.

BDA advised Ngoc Nghia, the pioneer and leading provider of PET bottles, preforms and closures in Vietnam. It has long-term partnerships with Vietnamese and multinational companies as well as export customers in many countries. Ngoc Nghia has a reputation for high-quality, full-service solutions with production sites in Cu Chi, Tay Ninh and Bac Ninh. Ngoc Nghia adheres to strict quality control and international production procedures.

IVL is a leading global chemical company headquartered in Thailand, with 140 manufacturing sites in 35 countries.

Paul DiGiacomo, Managing Partner, BDA, said, “Vietnam remains one of the most active Asian M&A markets, with strong foreign investment inflows driven by the promising macro-outlook. This transaction shows investors’ confidence in Vietnam’s recovery and fast growth post COVID-19.”

Simon Kavanagh, Partner, Head of Industrials, BDA, said, “We’re proud to have advised on this transaction – our third industrial transaction in Vietnam during the pandemic. This shows our skills in Industrials, as we deliver best results across borders, even in turbulent markets.” Huong Trinh, Partner, Head of Vietnam, BDA, said, “We look forward to seeing Ngoc Nghia’s next phase of development. Ngoc Nghia will benefit from consumer growth and the shift in manufacturing and supply chains to Vietnam.”