Allied Signal Inc (HQ: PO Box 2332, Morristown, NJ 07962, USA) announced that it has agreed in principle to purchase the activities of Polymer und Filament GmbH Rudolstadt (PFR, D-07407 Rudolstadt), a German producer of polyamide and PET resins and PA fibres. PFR, the former Thüringische Faser AG Schwarza, is owned by the Landesentwicklungsgesellschaft, which is the development agency of the same of Thüringen. The transaction is expected to be completed during July 1995. As part of the agreement, AlliedSignal will acquire PFR's manufacturing facilities in Rudolstadt, located 240 kilometers east of Frankfurt am Main, which is expected to employ approximately 300 people initially. Terms of the purchase have not been announced.

AlliedSignal said it plans to invest approximately $ 140m over the next three years to upgrade the facility to world-class quality standards, expand polymer capacity, and build a Plastics Application Development Centre. "The acquisition of the PFR facility will enable AlliedSignal to meet the increasing needs of our European customers in the plastics and fibres markets," said Frederic M. Poses, President, AlliedSignal Engineered Materials. "The Rudolstadt site will serve as a springboard for our future European growth initiative."

A global leader in polyamide technology, AlliedSignal is the largest wordwide producer of polyamide 6 resin, under the "Capron" brandname AlliedSignal is at the forefront of the development of innovative plastic resins and plastics design solutions for the automotive, packaging, electrical and lawn and power industries. AlliedSignal Fibres operates the world's largest caprolactam and phenol plants in Hopewell. Virginia and Frankford, Pennsylvania, USA. AlliedSignal is also the world technology leader in polyester fibre for tyres. – HQ in Europe: AlliedSignal Europe NV (Haasrode Research Park, B-3001 Heverlee).

READER SERVICE: Further details and background information of the PFR acquisition (English): PIE-No. 37813.