(Aug. 14, 2006) — In an article in the July 24 issue of Plastics News (“Former Ferro business touts product line,” Page 21) regarding a new product from Advanced Polymer Alloys, it was implied that the pending sale of APA by Ferro Corp. has been completed. That is incorrect.
In a news release distributed May 30, and reported in Plastics News' June 5 issue, Ferro announced it was selling four divisions, including APA. While a potential buyer has been identified, that entity has not been publicly named nor has the deal been finalized.
When the transaction is completed, all interested parties will be notified by Ferro. In the meantime, it is business as usual for Advanced Polymer Alloys and its customers.
E. David Santoleri
Advanced Polymer Alloys