TITLE

Ferro sells plastics arm for $133m

AUTHOR(S)
Jagger, Anna; Robinson, Simon
PUB. DATE
August 2006
SOURCE
ICIS Chemical Business;8/28/2006, Vol. 1 Issue 32, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the divestment opportunities being considered by U.S.-based Ferro to reduce its debt leverage in technology and production. The company has decided to sell its specialty plastic business to private equity firm Wind Point Partners. An annual savings of $40 million to $50 million is expected to achieve from the restructuring of the inorganic specialties business of Ferro in Europe.
ACCESSION #
22258677

 

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