Material Insights: Nov. 22, 2010
Two M&&A deals will bring changes to North American PET supply mix.
Plastics News senior reporter Frank Esposito relates how two mergers and acquisition deals will affect the North American PET market in this week's episode of Material Insights. Indorama Ventures Public Co. Ltd., made a major acquisition n Nov. 11 and 12, acquiring PET resin and fiber plants in the U.S., Mexico and China from Invista BV. On Oct. 25, Eastman Chemical Co. said it was selling its North American PET unit to DAK Americas LLC. The M&A deals will decrease the number of North American PET suppliers from six to four.
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