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Home  Latest
News 25 Jul 2007 |
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Lucite International announces the sale of select facilities to Plaskolite Inc25 Jul 2007 Southampton, UKLucite International Inc, part of the Lucite International group of companies, and Plaskolite Inc jointly announce the sale of Lucite International’s facilities in Olive Branch, Mississippi and Monterrey, Mexico to Plaskolite Inc.“This transaction signifies a new phase in our long-term relationship with Plaskolite. We aim to create significant opportunities for productivity improvements, which will enable us to address evolving market conditions in North America and align the needs of our customers with the Company’s long-term objectives of efficient profitable growth,” said Ian Lambert, Global CEO of Lucite International. Lucite International will continue to support Plaskolite as a supplier of methacrylate materials as it continues to expand the acrylic market through operating efficiencies and new product development. The management teams of both companies expect the transaction to be completed by 1 August 2007. |
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