|
|
Article: Borden Chemicals and Plastics Operating Limited Partnership Accepts Purchase Offer for Addis, La., Facility From Shintech Louisiana LLC.
- Article from:
- Business Wire
- Article date:
- December 4, 2001
CopyrightCOPYRIGHT 2001 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)
|
Business Editors
GEISMAR, La.--(BUSINESS WIRE)--Dec. 4, 2001
Motion for court approval filed, initiating auction process;
competing bids due by Dec. 14
Borden Chemicals and Plastics Operating Limited Partnership (BCP) announced today that it has executed an asset purchase agreement through which, subject to bankruptcy court approval, Shintech Louisiana, LLC (Shintech) will acquire the assets and operations of BCP's polyvinyl chloride (PVC) plant in Addis, La. As previously announced, BCP and its advisors have been exploring strategic alternatives, including a potential merger, joint venture or asset sales, for any or all of its three ...