WEB EXCLUSIVE: In the past month, three deals were announced to transfer ownership of materials businesses. The biggest deal was the agreement by DAK Americas LLC, Charlotte, N.C., to acquire the PET business of Eastman Chemical Co., Kingsport, Tenn. The sale includes 1.35 billion lb of capacity at Columbia, S.C., and the intellectual property for IntegRex PET polymerization. DAK, a unit of Alfa of Mexico, is already the second largest PET producer in the Americas. Eastman retains its copolyesters and Tenite cellulosic businesses.
Meanwhile, Teknor Apex Co., Pawtucket, R.I., has acquired the Sarlink TPV business of DSM Thermoplastic Elastomers, Leominster, Mass. The sale includes employees, technologies, compounding capabilities, and Sarlink sales operations on three continents. Teknor, which already produces Uniprene TPVs, says the Sarlink acquisition makes it “the most diversified independent compounder of TPEs.”
In addition, Ashland Inc., Covington, Ky., has agreed to sell its global distribution business to TPG Capital, a private investment firm based in San Francisco. Ashland Distribution supplies thermoplastics, composite resins and reinforcements, and chemicals. Its thermoplastic distribution business is based in Columbus, Ohio.
(877) 738-2002 • dakamericas.com
800-EASTMAN • eastmanc.om
(866) 438-8737 • teknorapex.com
(800) 524-0120 • dsm.com
(800) 531-7106 • ashdist.com
Eastman Chemical Company
P.O. Box 431 Kingsport, TN 37662
Phone (423) 229-2278 Fax (423) 246-1316