# 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.

- Type: Acquisition
- Announced: 2019-10-21
- Where: Wilton, United Kingdom, United Kingdom
- Status: announced
- Capacity: 350,000 tons per year PET
- Products: polyethylene terephthalate (PET)
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Lotte Chemical](https://endata.com/companies/2025.md) (partner)
- [Lotte Chemical](https://endata.com/companies/2025.md) (target)
- [Alpek](https://endata.com/companies/4456.md) (acquirer)
- [Lotte Chemical UK](https://endata.com/companies/43086.md) (target)

## Sources

- [alpek.com](https://www.alpek.com/alpek-signs-agreement-to-acquire-pet-facility-from-lotte-chemical/), 2019-10-21: "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."
- [alpekpolyester.com](https://www.alpekpolyester.com/alpek-signs-agreement-to-acquire-pet-facility-from-lotte-chemical/), 2019-10-29: "This acquisition is well aligned with Alpek's growth strategy, creating substantial value by integrating the asset into our global polyester footprint."
- [petpla.net](https://petpla.net/2019/11/04/alpek-signs-agreement-to-acquire-pet-facility/), 2019-11-04: "This acquisition is well aligned with Alpek’s growth strategy, creating substantial value by integrating the asset into our global polyester footprint"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.