GE Plastics to acquire LNP Engineering
4 Jan 2002
GE Plastics is to acquire Kawasaki Steel Corporation's LNP Engineering Plastics business. 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.
The LNP business will be combined with the complementary business units already operated by GE Plastics to form a global compounding business.
The resulting business will have 13 manufacturing locations throughout the world including one in Thornaby in the UK.
The acquisition is subject to government approval in the United States and in a number of other jurisdictions around the world.
