Alfa to acquire PET Eastman's polymers production facilities in Mexico and Argentina

18-Sep-07
ALFA, S.A.B. de C.V. (ALFA) plans to acquire PET Eastman's polymers production facilities in Mexico and Argentina. Alfa has entered into definitive agreements with Eastman Chemical Company for the acquisition. Terms of the transactions, which are expected to close during the fourth quarter of this year, were not disclosed. This acquisition is a step forward towards reinforcing the company's competitive position and in assisting the company to serve customers in the growing Latin American markets. The sale, which is subject to customary approvals, includes Eastman's PET manufacturing facilities in Cosoleacaque, Veracruz, México, and Zárate (close to Buenos Aires), Argentina. Their production capacity is 150,000 tpa and 185,000 tpa respectively.
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