Discover your next big idea for life sciences at PACK EXPO Las Vegas
Experience a breakthrough in life sciences packaging—explore solutions from 2,300 suppliers spanning all industries, all in one place this September

La Seda de Barcelona sells its PET plant in Portugal

La Seda de Barcelona (LSB) and the company Control PET, SGPS, S.A, an investee of Imatosgil and Banco Espirito Santo, have formalised a sale-purchase agreement for the Portalegre based PET production plant Artenius Portugal.

This company, initially conceived for polyester fibre production in 1966, was later converted into a batch production PET polymer plant, with a yearly output of 70.000 tonnes; its industrial activity having been stalled since the end of 2010.

The value agreed for the sales transaction amounts to 5,6 million euros to be paid between 2011 and 2015. The sales value may increase according to the company's productivity during this period.

The acquisition of Artenius Portugal by Control PET SGPS, S.A. is a means of guaranteeing the production activity. It is being estimated that the plant will be operating again as of July and direct as well as indirect job positions are being safeguarded.

This transaction is a further step in La Seda de Barcelona's ongoing divestment process of non-strategic assets within the company's Strategic Plan. In this sense, Artenius Portugal is not complying with the technology, location and size criteria which set the path for LSB's future.
FDA warning letters surge - is your team prepared?
New guide reveals expert strategies to prevent regulatory issues and respond effectively to FDA enforcement actions in pharmaceutical and medical device manufacturing.
Read More
FDA warning letters surge - is your team prepared?
List: Digitalization Companies From PACK EXPO
Looking for CPG-focused digital transformation solutions? Download our editor-curated list from PACK EXPO featuring top companies offering warehouse management, ERP, digital twin, and MES software with supply chain visibility and analytics capabilities—all tailored specifically for CPG operations.
Download Now
List: Digitalization Companies From PACK EXPO