General Electric Co. has renamed its plastic shapes distribution business GE Polymershapes. The business will operate as a separate entity within Pittsfield, Mass.-based GE Plastics.
GE Plastics formed the unit last year through acquisitions of Cadillac Plastics of Troy, Mich., and Commercial Plastics & Supply Corp. of Boca Raton, Fla. GE Polymershapes will be based in Huntersville, N.C., with Gregory Adams serving as the unit's president.
The unit expects to post sales of $770 million this year and will employ 2,200 at 150 locations in 16 countries.
Cadillac staff members in Troy have been transferred to a GE Plastics site in Southfield, Mich., while Commercial staffers in Boca Raton are expected to remain there, GE Polymershapes spokesman Patrick Brennan said.
Cadillac and Commercial had operated about 200 sites. Some of those locations were not included in the sale, while less than 20 have been consolidated in areas where there were two sites in the same region, Brennan said.
Both Cadillac and Commercial had done a considerable amount of business with GE Plastics' Structured Products division, which produces polycarbonate sheet and other products. GE Polymershapes' product mix will include sheet, rod, tubing and film.
Commercial also had operated a small resin distribution business that was consolidated into GE Polymerland, GE's giant resin distribution unit in Huntersville.
Cadillac, founded in 1945, most recently had been a unit of M.A. Hanna Co. Hanna sold Cadillac to GE shortly after it announced a merger with Geon Co. to form PolyOne Corp. in May 2000.
Commercial was formed by Morton French in New York in 1944. Morton's son Jay continued as the company's chairman and, at the time of the sale, retained seven extrusion and fabrication plants that he now operates as Nytef Group.