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DAK Americas Acquires Eastman's PET, PTA Business

DAK Americas LLC, Charlotte, has acquired Kingsport, Tenn.-based Eastman Chemical Co.'s polyethylene terephthalate (PET) and purified terephthalic acid (PTA) business and the related Performance Polymers assets and technology.

The acquisition includes three plants in Columbia, S.C., with combined annual production capacity of 1.275 million tons of PET and PTA, as well as the intellectual property for the IntegRex™ PTA and PET technology and access to the business's customer base. DAK Americas will incorporate the plants into its PET and PTA business units. The company's annual PET resin production capacity will grow to more than 3.4 billion pounds.

March/April 2011

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