CHARLOTTE, N.C. (Aug. 1, 1:55 p.m. ET) — DAK Americas LLC expects to close on the acquisition of Wellman Inc.'s PET resins business by the end of this month.
The deal includes facilities in Bay St. Louis, Miss., that employ 165.
DAK announced Aug. 1 that the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act has expired without request for additional information from the U.S. Federal Trade Commission.
DAK has U.S. PET plants in Wilmington, N.C.; Fayetteville, N.C.; Charleston, S.C., and Columbia, S.C.