Alpek gains PET producers
Mexico alpek-mexico
Valued at USD 385 million, the acquisition includes a purified terephthalic acid plant and a PET production facility that produce 700,000 and 450,000 tonnes per year, respectively. The deal will also see Alpek absorb Citepe, a polyester production company.
“The closing of this transaction will require further corporate approvals and is subject to several condition precedents, including approval by the appropriate governmental authorities,” Alpek said of the agreement, which took around six months to materialise.
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