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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 Barcelona’s (El Prat de Llobregat, Spain) assets at El Prat and Tarragona, Spain, Cristian Lay announced. The deal was valued at about €16 million ($22 million) in addition to existing inventory and amounts pledged for investments. The sale was first reported in February this year. La Seda’s ethylene oxide (EO) and ethylene glycol (EG) production at Tarragona, previously operated by the Industrias Quimicas Asociadas LSB subsidiary, was acquired by Industrias Químicas del Óxido de...

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