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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Berkshire County Homes Celebrating Holiday Cheer
By Breanna SteeleiBerkshires Staff
There's holiday cheer throughout the Berkshires this winter.
Many homeowners are showing their holiday spirit by decorating their houses. We asked for submissions so those in the community can check out these fanciful lights and decor when they're out.
We asked the homeowners questions on their decorations and why they like to light up their houses.
In Great Barrington, Matt Pevzner has decorated his house with many lights and even has a Facebook page dedicated to making sure others can see the holiday joy.
Located at 93 Brush Hill Road, there's more than 61,000 lights strewn across the yard decorating trees and reindeer and even a polar bear.
The Pevzner family started decorating in September by testing their hundreds of boxes of lights. He builds all of his own decorations like the star 10-foot star that shines done from 80-feet up, 10 10-foot trees, nine 5-foot trees, and even the sleigh, and more that he also uses a lift to make sure are perfect each year.
"I always decorated but I went big during COVID. I felt that people needed something positive and to bring joy and happiness to everyone," he wrote. "I strive to bring as much joy and happiness as I can during the holidays. I love it when I get a message about how much people enjoy it. I've received cards thanking me how much they enjoyed it and made them smile. That means a lot."
Pevzner starts thinking about next year's display immediately after they take it down after New Year's. He gets his ideas by asking on his Facebook page for people's favorite decorations. The Pevzner family encourages you to take a drive and see their decorations, which are lighted every night from 5 to 10.
In North Adams, the Wilson family decorates their house with fun inflatables and even a big Santa waving to those who pass by.
The Wilsons start decorating before Thanksgiving and started decorating once their daughter was born and have grown their decorations each year as she has grown. They love to decorate as they used to drive around to look at decorations when they were younger and hope to spread the same joy.
"I have always loved driving around looking at Christmas lights and decorations. It's incredible what people can achieve these days with their displays," they wrote.
The Wilsons' invite you to come and look at their display at 432 Church St. that's lit from 4:30 to 10:30 every night, though if it's really windy, the inflatables might not be up as the weather will be too harsh.
In Pittsfield, Travis and Shannon Dozier decorated their house for the first time this Christmas as they recently purchased their home on Faucett Lane. The two started decorating in November, and hope to bring joy to the community.
"If we put a smile on one child's face driving by, then our mission was accomplished," they said.
Many homeowners are showing their holiday spirit by decorating their houses. We asked for submissions so those in the community can check out these fanciful lights and decor when they're out.
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