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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MCLA Announces Four Finalists for Next President
NORTH ADAMS, Mass. — Massachusetts College of Liberal Arts announced four finalists for the position of president, following a national search.
The finalists were selected by the MCLA Presidential Search Committee and will participate in on-campus visits scheduled for the weeks of April 6 and April 13.
The successful candidate will replace President James Birge, who is retiring at the end of the term.
The four finalists are David Jenemann, Michael J. Middleton, Sherri Givens Mylott, and Diana L. Rogers-Adkinson.
David Jenemann
David Jenemann is dean of the Patrick Leahy Honors College and professor of English and film and television studies at the University of Vermont, where he oversees recruitment, retention, curricular innovation, and advancement for an interdisciplinary college serving undergraduates from across the university, including UVM's campuswide Office of Fellowships, Opportunities, and Undergraduate Research.
An internationally recognized scholar, he has published three books and numerous articles, with research spanning intellectual and cultural history, mass media, and the intersection of sports and society.
He holds a doctor of philosophy from the University of Minnesota and completed the Institute for Management and Leadership in Education at Harvard Graduate School of Education.
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