Cristian Lay, a jewellery manufacturer, was awarded the acquisition after it made a commitment to maintain the workforce.
“We haven’t got official confirmation from the Commercial Court in Barcelona yet, but we expect it this week and are confident we’ll keep the two units,” said the source.
“There were six other companies interested in acquiring the two plants for the same money, but our offer exceeded them because we made the commitment not to make any redundancies at the units,” she added.
Cristian Lay’s source said the company is confident it will keep the plants, but will make an announcement following official confirmation from the Commercial Court.
LSB, which entered liquidation on 30 January, operates PET plants in Spain, Turkey and Italy as well as a recycling site in Italy and the EO and EG units through upstream business IQA. It is also a major shareholder in Portugal’s Artlant PTA.