TITLE

GE offloads Advanced Materials division

PUB. DATE
October 2006
SOURCE
R&D Magazine;Oct2006, Vol. 48 Issue 10, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article deals with the decision of General Electric (GE) to sell its Advanced Materials division to Apollo Management LP, a private investment firm, as part of its restructuring plan. Upon completion of the transaction, GE will receive a 10% ownership stake in the new company. GE Advanced Materials is a $2.5 billion supplier of silicone-based products, silanes, sealants, urethane additives and adhesives; and high-purity fused quartz and ceramics materials.
ACCESSION #
23006213

 

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