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DAK Americas to Acquire PET Business from Wellman - Deal Analysis from GlobalData
GlobalData, July 2011, Pages: 6
DAK Americas to Acquire PET Business from Wellman - Deal Analysis from GlobalData
Summary
DAK Americas LLC., a manufacturer of monomers, container resins and fibers, agreed to acquire the Polyethylene Terephthalate (PET) business, from Wellman, Inc., a producer of PET resin, for a purchase consideration of $185m, including a cash payment and the assumption of certain liabilities.
The acquisition includes the PET resin production facilities in Bay St. Louis, Mississippi. The facility has a production capacity of approximately 950 million pounds per year (430 kilo tons per year) of PET resin.
Scope
- Rationale behind DAK America’s acquisition of PET Business from Wellman
- Strategic Benefits for DAK America
- Deal Financials and Valuations
- Information on acquired company
Reasons to buy
- Develop a sound understanding of the major M&A's, partnerships and joint ventures taking place in petrochemical industry
- Identify the most lucrative segments to leverage on the growth opportunities available in the petrochemical industry
- Take better decisions based on detailed analysis of the deal
- Know about the major companies, which are adopting a divestment or acquisition
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