DAK Americas Acquires Controlling Interest In Selenis Canada

CHARLOTTE — August 1, 2016 — DAK Americas (DAK) announced today that it has completed the transaction with IMG Group of Portugal to acquire a controlling interest in Selenis Canada Inc.

Selenis Canada Inc. operates a polyethylene terephthalate (PET) plant in Montréal, Québec with a capacity to produce 144 kilotons per year of PET Resin.

The facility offers the ability to expand operations into Canada, to produce differentiated products and enhance raw material synergies.

Terms of the transaction were not disclosed. The transaction has been approved by the Canadian Competition Bureau.

Posted August 2, 2016

Source: DAK Americas