IHS Chemical Week

Markets :: Plastics :: PET

Indorama Completes Deal to Acquire Wellman International

7:53 PM MST | November 30, 2011 | Natasha Alperowicz

Indorama Ventures (Bangkok), says it has completed a previously announced deal to acquire Wellman International (Mullagh, Ireland) from industrial holding company Aurelius (Munich). Wellman International is Europe's leading producer of polyester staple fiber and the largest recycler of polyethylene terephthalate (PET) bottles. The deal, first announced in September this year, will help Indorama meet its customers' sustainability needs. Indorama has acquired Wellman International and its related company, MJR Recycling BV. Wellman International has three production...

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