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Apollo Management Adding to Acquisitions Affecting Composites, Resins, and Plastics.
- Article from:
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Advanced Materials & Composites News
- Article date:
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July 19, 2004
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Copyright informationCOPYRIGHT 2004 Composites Worldwide, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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July 6, 2004 - Apollo Management, L.P., a private investment firm, and Eastman Chemical Company announced June 1 that they signed an agreement for Apollo to acquire certain businesses and product lines in Eastman's coatings, adhesives, specialty polymers and inks (CASPI) segment. Today they announced that Apollo will acquire Borden chemical Company by August 1.
Apollo already owns Resolution Performance Products (RPP), the former epoxy business of Shell. Resolution Specialty Materials (RSM), formerly Eastman Composites Resins, will be formed by the end of July.
The acquisition, with a purchase price of $215 million, is subject to regulatory approval and other customary ...
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