DAK Americas acquires controlling interest in Selenis Canada

DAK Americas acquires controlling interest in Selenis Canada
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DAK Americas, Charlotte, has completed a transaction with IMG Group of Portugal to acquire a controlling interest in Selenis Canada Inc., located in Montreal.

DAK, a wholly owned subsidiary of Mexico-based Alfa S.A.B., is one of the largest integrated producers of PET resins in the world and a major producer of polyester staple fibers. DAK has five business units: monomers, fibers, resins, specialty polymers and GreenPET. The company operates seven production facilities in North America.

Selenis Canada Inc. operates a polyethylene terephthalate (PET) plant that has a capacity to produce around 144,000 tons of PET resin per year.

In acquiring a controlling stake in Selenis Canada, DAK says it now has the ability to expand its operations into Canada, to produce differentiated products and enhance raw material synergies.

The transaction has been approved by the Canadian Competition Bureau.

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Source: Recycling Today
DAK Americas acquires controlling interest in Selenis Canada
<![CDATA[DAK Americas, Charlotte, has completed a transaction with IMG Group of Portugal to acquire a controlling interest in Selenis Canada Inc., located in Montreal. DAK, a wholly owned subsidiary of Mexico-based Alfa S.A.B., is one of the largest integrated producers of PET resins in the world and a major producer of polyester staple fibers. DAK has five business units: monomers, fibers, resins, specialty polymers and GreenPET. The company operates seven production facilities in North America. Selenis Canada Inc. operates a polyethylene terephthalate (PET) plant that has a capacity to produce around 144,000 tons of PET resin per year. In acquiring a controlling stake in Selenis Canada, DAK says it now has the ability to expand its operations into Canada, to produce differentiated products and enhance raw material synergies. The transaction has been approved by the Canadian Competition Bureau.]]>