Alfa to Acquire Wellman’s U.S. PET Business

Grupo Alfa’s (Monterrey, Mexico) DAK Americas unit has agreed to acquire Wellman’s polyethylene terephthalate (PET) business for $185 million. The deal includes Wellman’s PET resin facility in Bay St. Louis, MS. The Bay St. Louis site has production capacity of approximately 430,000 m.t./year and employs approximately 165 people....

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