April 25, 2018 1:09 AM ET

Chemicals

Company Overview of M&G Chemicals S.A.

Company Overview

M&G Chemicals SA produces and sells polyethylene terephthalate (PET) resins for packaging applications worldwide. Its products include PET resins in various grades, including CSD-grade standard PET resin formulation used for carbonated soft drinks; water-grade PET resin formulation used for bottling water; barrier-grade PET resin formulation for the packaging of fresh and refrigerated fruit juices, beer, and oxygen- and/or carbon dioxide-sensitive drinks and food; and sheet-grade temperature-resistant formulation for manufacturing dual oven-safe trays. The company also offers heat-resistant PET resin formulation for applications that are hot-filled, including still drinks, such as juice drin...

37/a Avenue J. F. Kennedy

Luxembourg,  1855

Luxembourg

936 Employees

Key Executives for M&G Chemicals S.A.

Chairman and Chief Executive Officer
Age: 55
Chief Financial Officer and Executive Director
Age: 55
President of Chemtex China and Chief Executive Officer of Chemtex China
Age: 62
Chief Executive Officer of Chemtex India
Age: 62
Chief Technology Officer
Age: 58
Compensation as of Fiscal Year 2017.

M&G Chemicals S.A. Key Developments

Motion for Asset Sale Approved for M&G USA Corporation

The US Bankruptcy Court gave an order approving the certain Equity Interest of M & G USA Corporation on March 12, 2018. The debtor has been authorized to sell certain Equity Interest to Chemtex Global Corporation, for a purchase price of $1.05 million in cash and the assumption of the vendor liabilities. The debtor’s assets include the Shares, the Transition Data, the Invista IP Licenses, CII's rights to the trade name "CHEMTEX" and related logo and Brand names.

Motion for Asset Sale Filed by M&G USA Corporation

M & G USA Corporation filed a motion in the US Bankruptcy Court for the sale of its certain Equity Interest on February 21, 2018. The debtor seeks the Court’s approval for the sale of its certain Equity Interest to Chemtex Global Corporation, for a purchase price of $1.05 million in cash and the assumption of the vendor liabilities. The total consideration represents consideration for the Chemtex India Shares of $0.70 million, consideration for the China Shares of $0.30 million and consideration for the Transition Data of $0.05 million and assumption in the vendor liabilities. The debtor’s assets include the Shares, the Transition Data, the Invista IP Licenses, CII's rights to the trade name "CHEMTEX" and related logo and Brand names.

Motion for Asset Sale Filed by M&G USA Corporation

M & G USA Corporation, filed a motion in the US Bankruptcy Court for the sale of its certain Equity Interest on February 21, 2018. The debtor seeks the Court’s approval for the sale of its certain Equity Interest to Chemtex Global Corporation, the stalking horse bidder, for a purchase price of $1.05 million in cash pursuant to the asset purchase agreement with the Chemtex India Shares of $0.70, consideration for the China Shares of $0.30 million and consideration for the Transition Data of $0.05 million and assumption in the vendor liabilities. The debtor’s assets include the Shares, the Transition Data, the Invista IP Licenses, CII's rights to the trade name "CHEMTEX" and related logo and Brand names. The buyer shall make a deposit of $0.11 million.

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Recent Private Companies Transactions

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