Ciba to Sell Polymers Business to Private Equity Firm

From: DanF@aol.com
Date: Tue Dec 21 1999 - 22:19:23 EET


from newsletter@vertical.net (Tooling Online)

Ciba to Sell Polymers Business to Private Equity Firm
Ciba Specialty Chemicals (Basel, Switzerland) and European private equity
house
Morgan Grenfell Private Equity (MGPE) have inked a deal under which MGPE will
buy Ciba's Performance Polymers businesses. Purchase price for the division is
1.845 billion Swiss francs (U.S. $1.17 billion).

Expected to be completed during the first quarter of 2000, the transaction
includes Specialty Chemicals’ Adhesives and Tooling division. Headquartered in
E. Lansing, MI, the division produces epoxies and other materials for rapid
prototyping/rapid tooling applications.

http://www.toolingonline.com/read/nl19991217/45849

For more information about the rp-ml, see http://ltk.hut.fi/rp-ml/



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