DAK's total annual capacity will increase to more than 4.3 billion pounds per year.
DAK Americas LLC (DAK), Charlotte, N.C., has completed the acquisition of Wellman’s PET resins business. The acquisition is expected to bring DAK’s total PET resin production capacity to more than 4.3 billion pounds per year in the Americas.
The acquisition includes the PET resin production facility in Bay St. Louis, Miss., which has a production capacity of 950 million pounds per year.
The acquired facilities will be integrated into DAK Americas Resins Business Unit, which has U.S. operations in Wilmington, N.C.; Fayetteville, N.C.; and Charleston, S.C.
Hector Camberos, DAK Americas president and CEO, says, “This latest addition reinforces DAK‘s position as an important player in the global PET marketplace. This manufacturing facility will allow DAK to broaden its PET Resin product offerings.”
DAK Americas is comprised of four business units: PET, polyester staple fibers, monomers/ingredients and specialty polymers. The company is a wholly owned by Alfa S.A.B. de C.V. of Monterrey Mexico.