PITTSFIELD--GE Plastics, a unit of General Electric Company headquartered in the city, has reached an agreement with Kawasaki Steel Corporation of Japan to acquire Kawasaki's LNP Engineering Plastics business.
According to a General Electric press release, the sale is expected to be completed in the first quarter of 2002. Terms of the agreement were not disclosed.
GE Plastics intends to acquire the stock of Kawasaki Chemical Holding Company, which is the parent company for the corporations making up the LNP Engineering Plastics business.
"We are looking forward to having LNP as part of the GE Plastics family," said Yoshiaki Fujimori, president and chief executive officer of GE Plastics. "LNP has earned an outstanding reputation for supplying value-added, compounded plastic materials for a variety of applications, and we're confident that our combined companies can bring greater value and service to customers for these high-value products."
"This acquisition promises great things for LNP, and for our people," said Bob Schulz, president and chief executive officer of LNP's global business. "GE Plastics is one of the world's best known plastics suppliers, understands what we do, and values our unique market presence. We're excited about joining their team."
The LNP business will be combined with the complementary business units already operated by GE Plastics to form a global compounding business designed to provide superior customer service and delivery of compounded materials.
The resulting business will have 13 manufacturing locations throughout the world including: Selkirk, N.Y.; Thorndale, Penn.; Columbus, Ind., Katy, Texas (recycle materials); and Santa Ana, Calif., in the U.S.; Cobourg, Ontario, Canada; San Luis Potosi, Mexico; Sao Carlos, Brazil; Raamsdonksveer, The Netherlands; Pontirolo, Italy; Fosses, France; Thornaby, United Kingdom; and Seremban, Malaysia. Headquarters will be at Exton, Penn.
The acquisition is subject to government approval in the United States and in a number of other jurisdictions around the world.
LNP, which has its global headquarters in Exton, produces cost-effective, high-performance thermoplastic compounds, and helps customers bring value to their products by refining the effects of base resins through electrical and thermal activity, lubricity, structural strength, dimensional stability, and color accuracy, among other attributes.
GE Plastics is a global manufacturer, marketer and distributor of engineering thermoplastics. The company distributes plastic resins through GE Polymerland, and plastics shapes, including sheet, film, rod and tube, through GE Polymershapes. GE Plastics is also a world leader in selling plastics and plastics shapes online.
For more information, visit www.ge.com
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McCann Recognizes Superintendent Award Recipient
By Tammy DanielsiBerkshires Staff
Landon LeClair and Superintendent James Brosnan with Landon's parents Eric and Susan LeClair, who is a teacher at McCann.
NORTH ADAMS, Mass. — The Superintendent's Award has been presented to Landon LeClair, a senior in McCann Technical School's advanced manufacturing course.
The presentation was made last Thursday by Superintendent Jame Brosnan after Principal Justin Kratz read from teachers' letters extolling LeClair's school work, leadership and dedication.
"He's become somewhat legendary at the Fall State Leadership Conference for trying to be a leader at his dinner table, getting an entire plate of cookies for him and all his friends," read Kratz to chuckles from the School Committee. "Landon was always a dedicated student and a quiet leader who cared about mastering the content."
LeClair was also recognized for his participation on the school's golf team and for mentoring younger teammates.
"Landon jumped in tutoring the student so thoroughly that the freshman was able to demonstrate proficiency on an assessment despite the missed class time for golf matches," read Kratz.
The principal noted that the school also received feedback from LeClair's co-op employer, who rated him with all fours.
"This week, we sent Landon to our other machine shop to help load and run parts in the CNC mill," his employer wrote to the school. LeClair was so competent the supervisor advised the central shop might not get him back.
The city has lifted a boil water order — with several exceptions — that was issued late Monday morning following several water line breaks over the weekend. click for more