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Chemical Week Magazine :: Newsbriefs
Cristian Lay buys La Seda EO-EG, PET assets in Spain
6:28 AM MDT | April 4, 2014
Cristian Lay (Jerez de los Caballeros, Spain) has acquired La Seda de Barcelonaâ€™s (El Prat de Llobregat, Spain) assets at El Prat and Tarragona, Spain, Cristian Lay announced. The deal was valued at about â‚¬16 million ($22 million) in addition to existing inventory and amounts pledged for investments. The sale was first reported in February this year. La Sedaâ€™s ethylene oxide (EO) and ethylene glycol (EG) production at Tarragona, previously operated by the Industrias Quimicas Asociadas LSB subsidiary, was acquired by Industrias QuĂmicas del Ă“xido de...
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