DAK Americas to acquire PET recycling facility
DAK Americas LLC(DAK), an Alpek Polyester business, announces that it has signed an Asset Purchase Agreement with Perpetual Recycling Solutions, LLC (Perpetual) to acquire the Perpetual PET recycling facility in Richmond, IN, USA. The Perpetual PET recycling operations have an approximate annual capacity of 100 million lbs/a (~45,000 t/a) of high quality rPET flake.
This facility will complement Alpek Polyester’s current food-grade PET recycling capacity in Pacheco, Argentina and its fibre-grade recycling joint venture facility in Fayetteville, NC, USA.
The terms of the agreement have not been disclosed and the acquisition is expected to be completed in the first quarter of 2019.
