South Carolina-based Wellman has sold its European recycled-based fibres business, WIL, for $38 million to an affiliate of Aurelius.
‘The sale of this business reflects our strategy to focus on our
WIL has the capacity to produce 82,589 tonnes of polyester fibre primarily using post-consumer recycled materials. The fibres are used in a wide range of applications including personal hygiene, upholstered furniture, loose-filled bed products, car interior trim and industrial uses.
Wellman manufactures polyester products, including PermaClear PET packaging resin and Fortrel polyester fibre.