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Alpek to acquire PET recycling plant in Indiana

By Mary Page Bailey |

Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico; www.alpek.com) announced that one of its subsidiaries has signed an agreement with Perpetual Recycling Solutions LLC to acquire a polyethylene terephthalate (PET) recycling plant in Richmond, Indiana. The Perpetual PET recycling plant has an installed capacity to produce approximately 45,000 tons per year of high-quality recycled PET flake. The acquisition will complement Alpek’s food-grade recycling PET operations in Argentina and its fiber-grade PET recycling joint venture in Fayetteville, NC. Closing of this transaction is expected during the first quarter of 2019, subject to customary terms.

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