DAK Americas Expands Polymer Business

DAK Americas sweeps up PET market in the U.S.

Senior Editor Alex Tullo of Chemical & Engineering News reports that the North Carolina-based DAK Americas, a subsidiary of the Mexican conglomerate ALFA, will buy the polyethylene terephthalate (PET) business of Wellman, Inc., for $185 million. Tullo reports: The business has a PET resin capacity of 950 million lb per year at its plant in [...]