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Article: Radnor Reviews Strategic Options.(Tennenbaum Capital Partners LLC )
- Article from:
- Mergers & Acquisitions Report
- Article date:
- June 26, 2006
- Author:
CopyrightCOPYRIGHT 2006 SourceMedia, 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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With its chairman and chief executive officer and Tennenbaum Capital Partners LLC controlling the company, Radnor Holdings Corp.'s strategic review could lead to a private equity takeout. On June 15, the privately held manufacturer of disposable foodservice and specialty chemical products publicized its exploration of strategic alternatives and its hiring of Lehman Brothers.
The Radnor, Pa.-based company makes foam and plastic cups, containers and cutlery, and produces expandable polystyrene (EPS), a raw material used to manufacture those products. Radnor operates 15 plants in North America and three in Europe, and 10 U.S. distribution centers. It also has three ...
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