Charlotte-based DAK Americas LLC — a producer of polyester staple fibers (PSF), polyethylene
terephthalate (PET) resins and purified terephthalic acid (PTA) monomers, and a wholly owned
subsidiary of Mexico-based Alfa S.A.B. de C.V. — has acquired Kingsport, Tenn.-based Eastman
Chemical Co.’s PET and PTA business and the related Performance Polymers assets and technology.
The acquisition includes three integrated petrochemical plants in Columbia, S.C. — one
producing PTA and the other two producing PET — with combined annual capacity of 1.275 million
tons, as well as the intellectual property for the IntegRex™ PTA and PET technology along with
access to the business’s customer base. DAK Americas will incorporate the Columbia site into its
PET and PTA business units, which also have operations in Charleston, S.C., Wilmington, N.C., and
Fayetteville, N.C. The company’s total PET resin production capacity will increase to more than 3.4
billion pounds annually.
“The addition of these facilities reinforces DAK’s position as an important player in the
global PET marketplace,” said Hector Camberos, president and CEO, DAK Americas. “This will allow
DAK Americas to continue to innovate, grow, and serve our customers needs by expanding our asset
base.”
“Adding these technology options and operations to DAK’s capabilities will allow DAK to
expand its PET Resin product offerings,” said Tom Sherlock, Resins Business Director, DAK Americas.
The acquisition follows DAK’s 2007 purchase of Eastman’s PET international operations in
Mexico and Argentina.
February 9, 2011
