Thai Stark Corp takes over Vietnamese cable maker in a US$240m deal

A Thinh Phat Cables (Thipha) worker conducts a check at the company's factory. Thipha was established in 1987 in HCM City and is the second largest manufacturer of electrical wires and cables in Viet Nam. — Photo thiphacable.com

HANOI, April 29 (Vietnam News/ANN) - Thailand's Stark Corporation has completed the acquisition of Viet Nam-based Thinh Phat Cables (Thipha) and Dong Viet Non-Ferrous & Plastic (Dovina) for a combined value of US$240 million.

The transaction was done through Stark Corporation’s subsidiary Phelps Dodge International (Thailand) Co Ltd, a leading Thai and Southeast Asian wire and cable manufacturer.