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ALFA Moves Ahead with Acquisition of Wellman's PET Resin & its Production Facilities

Published on 2011-08-03. Author : SpecialChem

ALFA, the Mexican industrial company, has announced that its subsidiary DAK Americas, LLC did not receive any objection from the U.S. commerce authorities to the proposed acquisition of the PET Resins business of Wellman, Inc. Therefore, it is moving forward with such transaction, which it expects to close by the end of August 2011.

The acquisition includes the PET production facilities in Bay St. Louis, Mississippi, U.S.A. The site has a production capacity of approximately 950 million lbs/yr (430 Ktons/yr) of PET and a work force of approximately 165 people. This facility will be integrated into DAK Americas Resins Business Unit which also has U.S. operations in Wilmington, Fayetteville, Charleston, and Columbia.

Polyethylene Terephthalate (PET) Resin is widely used for the production of carbonated soft drink and water bottles, as well as other food and consumer product packaging applications.

About ALFA

ALFA is a Mexican company comprising four business groups: Alpek (petrochemicals), Nemak (high tech aluminum auto components), Sigma(refrigerated food) and Alestra (telecommunications). ALFA is one of the world's leading manufacturers of high-tech aluminum engine heads and blocks. It is one of the world's largest producers of PTA, a petrochemical product. In addition, ALFA is one of the Mexico's leading producers of processed meats and cheese and one of the most important telecommunications services companies in Mexico. Currently, ALFA has manufacturing operations in 16 countries and employs more than 54,000 people.

About Wellman

Wellman is one of the leading PET resin producers, setting the standard as a manufacturer and marketer of high-quality PermaClear® PET packaging resin. Their PET resin is used in the manufacture of plastic beverage bottles and other food packaging. Valued for its consistency and performance, PermaClear® PET resin produces clear bottles at the maximum throughput of stretch blow molding machines.

Source: ALFA

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