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La Seda PET exit

3:00 PM MDT | August 4, 2014

Selenis (Portalegre, Portugal), a subsidiary of Control PET (Santo Tirso, Portugal), has acquired Artenius Italia, the last remaining polyethylene terephthalate (PET) production company of La Seda de Barcelona (El Prat de Llobregat, Spain). Selenis acquired the Artenius Italia facility at San Giorgio di Nogaro for €1.00million ($1.34 million). The buyer will keep 30 staff and cover redundancy costs for 75 others, La Seda says. La Seda filed for liquidation earlier this year after negotiations between stakeholders and creditors failed to devise a plan to...

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