La Seda Completes Purchase of Eastman’s PET Unit

Eastman Chemical says it has completed the sale of polyethylene terephthalate (PET) assets at San Roque, Spain to La Seda de Barcelona (Barcelona). The sale includes Eastman’s PET polymers manufacturing assets in Spain and the related polyester resins business (CW, Feb. 28, p. 11). “This transaction is a major step forward as we implement our strategy to improve the overall financial performance of our PET polymers business,” says Gregory Nelson, Eastman executive v.p. and polymers business group...

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