Wellman Inc. is now DAK Americas LLC

   

Apparel Industry Financial  Textile Stock Market List  Fabric  Fiber

 
- Wellman Inc   

DAK Americas LLC, a large plastics company, has announced plans to acquire Wellman, Inc., a PET resin producer, in a transaction valued at about $185 million.  Charlotte-based DAK Americas LLC, a manufacturer of polyethylene terephthalate (PET) resin, polyester staple fiber, terephthalic acid and purified terephthalic acid monomers, and specialty polymers; and a subsidiary of Mexico-based conglomerate Alfa S.A.B. de C.V. — has agreed to acquire the PET resin business of Wellman Inc., Bay St. Louis, Miss., for approximately $185 million including cash and the assumption of certain liabilities. The acquisition includes Wellman's PET resin manufacturing facilities in Bay St. Louis, which produce some 950 million pounds of PET resin annually and employ some 165 workers.

DAK, a company based out of North Carolina that is owned by S.A.B. de C.V., will acquire PET resin production facilities in Bay St. Louis, Mississippi as part of the transaction. DAK expects the acquisition will expand its asset base and increase efficiencies. The site has a production capacity of 950 million pounds of PET resin a year and a work force of about 165 people.

DAK Americas is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibers in the Americas. DAK Americas is headquartered in Charlotte, NC, and is wholly owned by Alfa S.A.B. de C.V. of Monterrey, Mexico.  Headquartered in Charlotte, NC. DAK has five business units and operates seven production facilities across the Americas.

If you find our directory to be helpful, please like our site with the social media links below.  Your support is appreciated.

If you are interested in discussing the financial aspects pertaining to the company listed on this page, please share your thoughts in the comments section below.  Discussion topics may include any business details that you believe could potentially impact the financial strength or weakness of the company.  For example, the company may have negotiated a new licensing deal that you believe is important.  Or possibly they have hired a new public relations firm or received a unique celebrity endorsement.  If any interesting activity has taken place, please bring that issue up for discussion and debate.  You are welcome to provide facts or ask questions about business strategy, corporate executives, brand portfolios, historical stock prices, business news, SEC filings, stock charts, etc.  Anything relevant to investor relations, the company's products or services, financial information, or corporate policy is open for discussion.  Feel free to share your wisdom in the social comment area below.  Please keep all discussions directly relevant to the topic of the company listed on this page.

 
comments powered by Disqus
 
 
 

Publicly Traded Textile Mills :
Delta Woodside Industries

Fab Industries

The Hallwood Group Incorporated

Quaker Fabric

Ruddick Corporation

Tandy Leather Factory

Unifi Inc.

Wellman Inc.

Apparel Search   Add Your Company   Contact Us   About Us   Advertise   News Letter   Legal   Help
Copyright © 1999-2018  Apparel Search Company.  All Rights Reserved.