ALFA, S.A.B. de C.V. Acquires Pet Recycling Plant from Perpetual Recycling Solutions
January 09, 2019
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ALFA, S.A.B. de C.V. announced that its subsidiary Alpek, S.A.B. de C.V. announced that one of its subsidiaries has signed an agreement with Perpetual Recycling Solutions, LLC to acquire a PET recycling plant in Richmond, Indiana, USA. The Perpetual PET recycling plant has an installed capacity to produce approximately 45,000 tons per year of high-quality recycled PET flake. This acquisition will complement Alpek's food-grade PET recycling operations in Argentina and its fiber-grade PET recycling joint venture facility in Fayetteville, North Carolina, USA. Subject to customary conditions precedent, the closing of this transaction is expected during the first quarter 2019. Certain terms of the agreement will be disclosed at a later stage.
Alpek SAB de CV is a Mexico-based company engaged in the chemicals sector. The Company's activities are divided into two business segments: Polyester and Plastics & Chemicals. The Polyester division focuses on the manufacture and distribution of purified terephthalic acid (PTA), polyethylene terephthalate (PET) and polyester fiber. The Plastics & Chemicals division is responsible for the production of polypropylene (PP), expandable polystyrene (EPS), caprolactam (CPL), ammonium sulfate, as well as specialty and industrial chemicals, such as surfactants, ethoxilates, glycoethers and desemulsionates. The Company's products are used in a range of industries, including consumer goods, food and beverages, automotive, construction, agriculture, oil and gas, as well as pharmaceuticals. It operates a number of production plants in the Americas. The Company is controlled by Alfa SAB de CV.
ALPEK, S.A.B. DE C.V. 
