January 23, 2012
The ongoing battle between Georgia Gulf and Westlake Chemical is featured in this week's Material Insights video. Officials with Georgia Gulf in Atlanta have rejected Westlake's $30 per-share acquisition offer, saying it undervalues the company. The total value of the offer is slightly more than $1 billion. Plasticolors' purchase of several non-urethane pigment dispersion products also is featured in this week's video. Production of those products will move from a Milliken plant in Pennsylvanai to Plasticlors' site in Ashtabula, Ohio. It's Plasticolors' 5th acquisition since 2000. The video wraps up with news of a $300,000 financial aid package going to Oxford Performance Materials from the state of Connecticut. Oxford is the first recipient of aid from the state's Small Business Express program. Oxford - which makes polyetherketone ketone resin - used the aid to fund its recent moved from Enfield to a larger site in South Windsor.