On Feb. 1, DAK Americas LLC, Charlotte, N.C., announced the completion of its purchase of the integrated PET and PTA business of Eastman Chemical Co., Kingsport, Tenn.

On Feb. 1, DAK Americas LLC, Charlotte, N.C., announced the completion of its purchase of the integrated PET and PTA business of Eastman Chemical Co., Kingsport, Tenn. The acquisition includes two PET resin units at Columbia, S.C., with combined capacity of 1.35 billion lb. Together with DAK’s PET plants in N.C. and S.C., the company now has capacity of more than 3.4 billion lb/yr. Eastman retains its copolyester and cellulosics plastics businesses.