PET resins producer DAK Americas Argentina has acquired a PET bottle recycling operation CabelmaPET, in Pacheco, Buenos Aires, Argentina.
Cabelma, a manufacturer of plastic-crates, is not part of the acquisition, while 100 employees associated with CabelmaPET will be included in the acquisition.
DAK Americas Argentina president Hector Camberos said the acquisition represents the company's proposal to finding and leveraging opportunities that best serve its customers, the economic health of Argentina, as well as the environment.
"The acquisition not only has tremendous impact in terms of product sustainability, but it will greatly improve our trade balance, allowing us to substitute imports by establishing a raw material stream directly from within Argentina," Camberos added.
DAK, which annually produces around 190Ktons of virgin PET Resin at its Zarate facility, intends to integrate the post-consumer recycled material from the acquired facility into its manufacturing process.
Under DAK's PET resins Laser+ brand, the new integrated product offerings will be marketed as a single-pellet solution.
CabelmaPET produces food-grade recycled raw materials from PET bottles, and currently recycles over 16Ktons of waste PET bottles annually.
The parties have not disclosed the terms and conditions of the acquisition.
Image: CabelmaPET produces recycled raw materials from PET bottles. Photo: Courtesy of bplanet/FreeDigitalPhotos.net.
