in this issue
Regions :: North America
Alfa Buys Eastman’s PET Plants in Argentina and Mexico
11:06 AM MDT | October 2, 2007 | Rebecca Coons
Grupo Alfa (Monterrey, Mexico) says it has entered into definitive agreements to acquire Eastman Chemical’s 150,000-m.t./year Cosoleacaque, Mexico and 185,000-m.t./year Zárate, Argentina polyethylene terepthalate (PET) production facilities, along with related businesses. Financial terms were not disclosed. However, the deal is estimated to be about $150 million, says Frank Mitsch, BB&T Capital Markets (New York). The transaction is expected to close by year-end. Alfa’s petrochemical unit, Alpek, says it can take advantage of cost savings...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee