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Article: HEXCEL AND CIBA COMPOSITES SIGN LETTER OF INTENT TO COMBINE FORCES IN STRUCTURAL MATERIALS AND PRODUCTS
- Article from:
- PR Newswire
- Article date:
- July 12, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. 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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Plan to Form Company With Complementary Strengths and Over US$600
Million in Worldwide Sales
Combination Would Create Major Global Presence in Advanced Materials and
Products for Aerospace and Other Industries
Ciba to Have 49.9% Stake in Hexcel
PLEASANTON, Calif. and BASLE, Switzerland, July 12 /PRNewswire/ -- Hexcel Corporation (NYSE: HXL) ("Hexcel") and Ciba-Geigy Limited ("Ciba") today jointly announced that they have signed a letter of intent, subject to various conditions, to combine Ciba's worldwide Composites Division ("Ciba Composites") - including composites, honeycomb, ...