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News Flash
Advansa to sell PET, PTA & Preform Bu to LSB
29 Jul '06
3 min read
Wahid Tawfik, CEO of Advansa: “We are delighted to have reached agreement with LSB to acquire these businesses and we believe this transaction will result in benefits to the industry and all the stakeholders. I would like to thank all of the employees associated with these businesses for their commitment and efforts over many years and wish them every success in the future.”
Rui Vaz Sousa, PET Division CEO of LSB: “This acquisition confirms our commitment to the PET industry and will result in the consolidation of our leadership position as number one PET producer in the European region." "We look forward to welcoming all our new colleagues and we are sure that the combined talents of our companies will result in a strong and successful business focused on meeting the current and future needs of our customers in terms of quality, service and innovation.”
In this transaction Advansa has been advised by ABN Amro and LSB has been advised by Espirito Santo Investment.
Rui Vaz Sousa, PET Division CEO of LSB: “This acquisition confirms our commitment to the PET industry and will result in the consolidation of our leadership position as number one PET producer in the European region." "We look forward to welcoming all our new colleagues and we are sure that the combined talents of our companies will result in a strong and successful business focused on meeting the current and future needs of our customers in terms of quality, service and innovation.”
In this transaction Advansa has been advised by ABN Amro and LSB has been advised by Espirito Santo Investment.
Advansa BV
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