blocklogo  
News Update 
January 7, 2015

ssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss

Sponsored
by:


Pulcra Chemicals is a worldwide operating company with unique process and engineering knowledge and capability and more than 135 years experience in supplying innovative specialty chemicals to the fiber, textile, and leather industries.  
ssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss

 

 

Plastics News China is reporting that Shanghai Pret Composites Co. Ltd. is acquiring Wellman Plastics Recycling LLC of Johnsonville one of the largest recyclers in the U.S. 

 

  Read article here... 

  

AKC Note:  Wellman Plastics Recycling and Wellman Engineering Resins were formed in 2008 when Wellman Inc. completed the sale of its engineering resins business and other assets in Johnsonville, S.C. to an investor group led by J.H. Whitney & Co. The new company has expanded production and has been one of the largest PET recyclers in the U.S. The article refers to an acquisition price of $70.45 million. There have been comments in the market for the last 6 months that the owners of Wellman Plastics Recycling were interested in selling the business if they received an acceptable offer, and it would seem that this has happened.


 

 

Alasdair Carmichael 

Carmichael International

PO Box 3444

Spartanburg, SC 29304

T: 864 583 6868

C: 864 542 4481

  

News Update is a service of Carmichael International designed to provide relevant up to date information on the textile markets. We aim to provide links to information and some commentary which is provided in good faith as to its accuracy. Carmichael International however disclaims any and all liability and responsibility for information supplied and any decisions that may be made on the information. 

ssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss

Synthetic Yarn and Fiber Association

To promote the production, improvement and use
of synthetic yarns and fibers

703-875-0636 (phone)
703-875-0907 (fax) 
www.thesyfa.org