As editor of Apollo Global Management LLC, a private equity firm with major plastics holdings, is now a publicly traded company. The firm held an initial public offering on March 30.
The company owns stakes in a wide variety of companies in many industries -- plastics are a small part of the pie.
Nevertheless, Apollo highlighted some plastics operations in a footnote in its S-1 statement filed with the Securities and Exchange Commission.
The footnote is titled "Our Investment Edge Creates Proprietary Investment Opportunities," and it highlights the firm's ability to take advantage of its expertise in certain businesses.
"Recent examples include the creation of Hexion Specialty Chemicals Inc., a $5 billion chemical company and Berry Plastics, a $3 billion plastic packaging company, both of which we have built through multiple acquisitions in our core industry verticals," the S-1 says.