AUBURN, MICH.-Dexter Corp. plans to sell its 50 percent equity interest in D&S Plastics International, and also its acoustic materials business. D&S, based in Auburn, manufactures engineered polyolefins used for bumper fascias, airbag covers and body side claddings, and reported 1994 sales of $81 million. Dexter said it is reducing its emphasis on the automotive market, focusing instead on its other specialty materials markets.
D&S is a joint venture equally owned by Dexter and RPI, a subsidiary of Solvay SA of Brussels, Belgium. RPI has expressed interest in purchasing Dexter's share, Dexter said. The acoustic materials business, with 1994 sales of $37 million, designs and makes custom noise-reduction packages.
Dexter of Windsor Locks, Conn., announced it will purchase as many as 1 million shares of its common stock.