POINTERS
PureTec Corp sold to Tekni-Plex
In a deal which values the group at USD 325m, PureTec Corp (65 Railroad Avenue, Ridgefield, NJ 07657, USA) is to be sold to Tekni-Plex. The deal will add international operations to Tekni-Plex's leading position in the US market in the manufacture of high-barrier laminations for pharmaceutical packaging as well as foamed polystyrene products for food packaging. In Europe PureTec operates a recently established PVC compounding unit (see Plasteurope.com 11) as well as plastic tubing operations in Italy and Belgium.
30.11.1997 Plasteurope.com [18993]
Published on 30.11.1997