Mexico’s ALFA completes acquisition of Wellman’s PET Resin business

05-Sep-11

ALFA, S.A.B. de C.V. (ALFA) subsidiary DAK Americas, LLC has completed the acquisition of the PET Resins business of Wellman, Inc. The acquisition is expected to bring DAK’s total PET resin production capacity to more than 4.3 bln lbs pa in the Americas. The acquisition includes PET resin production facilities in Bay St. Louis, Miss., which has a production capacity of about 950 mln lbs pa of PET resin. The acquired facilities will be integrated into DAK Americas Resins Business Unit, also which has U.S. operations in Wilmington, N.C.; Fayetteville, N.C. and Charleston, S.C. Alvaro Fernandez, President of ALFA, commented: “This transaction allows our subsidiary DAK Americas to increase efficiency, gain additional product flexibility and broaden product range to better serve the needs of our customers.”