|
|
Article: RUTGERS Completes Purchase of AlliedSignal Laminate Systems Business; Plans Merger of Laminate Systems with Isola.
- Article from:
- Business Wire
- Article date:
- September 6, 1999
CopyrightCOPYRIGHT 1999 Business Wire. 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)
|
ESSEN, Germany--(BUSINESS WIRE)--Sept. 6, 1999--
RUTGERS AG, a subsidiary of the international energy and technology group RAG, announced today that it has acquired AlliedSignal's laminate systems business, a manufacturer of copper-clad laminate base materials for the electronics industry. The purchase price is US$425 million.
"This acquisition and now merger of AlliedSignal's laminate systems business with our laminates division, Isola AG, reflects RUTGERS strategy of expanding our global position in the chemicals and specialty plastics markets," said Eberhard von Perfall, Chairman of the Board of Management at RUTGERS. "Given that Isola and ...