Alpek signs agreement to acquire PET facility from Lotte Chemical in UK

Alpek signed an agreement to acquire 100% of Lotte Chemical UK Limited, which owns a 350,000 ton per year PET facility in Wilton, United Kingdom. The acquisition is expected to close in Q4 2019.

“This acquisition is well aligned with Alpek’s growth strategy, creating substantial value by integrating the asset into our global polyester footprint, marking our first acquisition outside of the Americas.”alpek.com

• 3 sources
• alpek.comAlpek signs agreement to acquire PET facility from Lotte Chemical | AlpekAleOct 21, 2019
• alpekpolyester.comALPEK SIGNS AGREEMENT TO ACQUIRE PET FACILITY FROM LOTTE CHEMICAL - Alpek PolyesterFernanda Del PradoOct 29, 2019
• petpla.netAlpek signs agreement to acquire PET facility – PETplanetNov 4, 2019

Summarized from public sources; check the original articles before acting on it.