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.
Material Insights: Jan. 23, 2012
A battle rages between Georgia Gulf and Westlake Chemical.
Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]