HR XCEL News

Charlotte, N.C. (Thursday, October 18, 2007) – HR XCEL, LLC, announced today that it will provide Benefits Administration and COBRA Administration services for DAK Americas, a global supplier of fibers, monomers and resins to the western hemisphere.

DAK Americas is headquartered in Charlotte, N.C., with manufacturing facilities in the Carolinas. HR XCEL, an experienced provider of Human Resource Outsourcing, Benefits Administration and Payroll Solutions, will serve all of DAK’s North American facilities.

“DAK’s commitment to innovation is apparent in their strategic decision to utilize Human Resource Outsourcing to provide their employees with the best technology and expertise available,” said Jeff Mortland, vice president of sales and marketing, HR XCEL. “Our goal at HR XCEL is to assist them in providing highly-efficient, low-cost products to their customers by eliminating their administrative HR functions.”  

“Partnering with HR XCEL will allow us to continue to produce the highest quality products, while reducing our internal costs and increasing our operational efficiencies,” said Stephen Seals, Director of Human Resources, DAK Americas. “We look forward to increased growth and success as a result of this strategic decision.”

About DAK Americas LLC and Alfa S.A.B. de C. V.:

DAK Americas, headquartered in Charlotte, N.C., is wholly owned by Alfa S.A.B. de C.V.    DAK Americas is comprised of three business units: Resins (PET- Polyethylene Terephthalate), Fibers (Polyester Staple) and Monomers (PTA-Terephtahalic Acid). 

ALFA is a Mexican company consisting of four business groups: Alpek (petrochemicals), Nemak (high-tech aluminum auto parts), Sigma (refrigerated food), and Onexa (telecommunications). Worldwide, ALFA is one of the leading producers of cylinder heads and blocks, and PTA. In Mexico, ALFA is the leader of the processed meats market. In 2006, ALFA reported revenues of U.S. $6,858 million, including foreign sales of U.S. $2,998 million and assets of U.S. $6,844 million. Currently, ALFA has manufacturing operations in 16 countries and employs more than 48,000 people. ALFA shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American stocks in the Madrid Stock Exchange.

About HR XCEL, LLC.

HR XCEL provides comprehensive Human Resource Outsourcing, Benefits Administration and Payroll Solutions for a wide range of clients and their employees in all 50 states, Canada, Mexico and Puerto Rico.  HR XCEL positions clients to focus on their core business lines and activities that generate revenue and profit.  Founded by veteran HR professionals, the company is uniquely able to offer clients a high-level of service and HR expertise.  For more information, visit www.hrxcel.com.

Media Contact: 

Jeff Mortland

704 357-6008

jmortland@hrxcel.com