DAK Americas, a major producer of polyester staple fibers in the Americas, said Monday is has as completed a transaction with IMG Group of Portugal to acquire a controlling interest in Selenis Canada Inc.
DAK said the facility offers the ability to expand operations into Canada, to produce differentiated products and enhance raw material synergies.
Terms of the transaction were not disclosed. The transaction has been approved by the Canadian Competition Bureau.
DAK Americas, headquartered in Charlotte, N.C., is wholly owned by Alpek S.A.B. de C.V. of Monterrey, Mexico, a petrochemicals and synthetic fibers company. DAK is comprised of five business units: PET, Polyesters Staple Fibers, Monomers and Ingredients, Specialty Polymers and Green Polyester. DAK is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibers in the Americas.
It has seven production facilities across the Americas, including Charleston and Columbia, S.C.; Fayetteville, N.C.; Bay St. Louis, Miss.; Cosoleacaque, Mexico, and Zarate and Pacheco, Argentina.
In polyester staple fiber, DAK produces the widely used Dacron staple fiber; Dacron Plus, a new fiber with a cross section that delivers superior softness and drape, while providing the easy care performance and wrinkle resistance; HydroPur for moisture management in performance fabrics and Delcron HydroPur that combines HydroPur and the antimicrobial properties of SteriPur AM; Delcron Hydrotec Fiber that delivers wicking and drying performance, and SteriPur AM, which features Antimicrobial AlphaSan from Milliken.
Last year, DAK said it was increasing in its polyester staple fiber production by 230 million pounds a year to meet growing demand in the Americas, adding capacity at its Pearl River Site in Bay St. Louis, with a project start-up in the second half of 2016.
The company said the project will create 86 full-time positions, including operations, maintenance, technical and management roles on-site. Upon completion of the Pearl River Site Fibers expansion, DAK’s total polyester staple fiber capacity in North America will be about 700 million pounds annually.