SABIC
Polymershapes business goes to US company Blackfriars / Joint semi-finished products holding with Laird and Amari Plastics
For a yet undisclosed amount but as early as the fourth quarter of 2016, Sabic (Riyadh / Saudi Arabia; www.sabic.com) plans to sell the semi-finished products business Polymershapes (www.sabicpolymershapes.com) belonging to its subsidiary Sabic Innovative Plastics (Sabic IP) to investment company Blackfriars Corporation (Northbrook, Illinois / USA). This is what both enterprises have agreed now, according to news agency Reuters.

According to its own statement, Polymershapes is the world’s leading supplier of semi-finished plastics products. It mainly sells plastic sheet, rods, tubes and films in North America and Chile. The segment was created in 2001 when the former GE Plastics took over large parts of semi-finished products distributors Commercial Plastics and Cadillac Plastics and integrated them into the GE group (see Plasteurope.com of 15.05.2001). For GE Plastics buyer Sabic, the division has never been part of its core business; consequently, it is now being sold in the course of Sabic IP’s liquidation (see Plasteurope.com of 09.10.2015).

Blackfriars is the investment vehicle of the Colburn family, whose billion dollar fortune originates from electrics and construction materials wholesaler Consolidated Electrical Distributors (www.cednw.com). The Blackfriars portfolio also includes the renowned semi-finished plastics parts distributors Laird Plastics (Irving, Texas / USA; www.lairdplastics.com) and Amari Plastics (Weybridge / UK; www.amariplastics.com). Amari Plastics, in turn, owns the well-known continental European semi-finished plastics parts distributor Vink (Zeist / The Netherlands; www.vink.com).
13.09.2016 Plasteurope.com [235004-0]
Published on 13.09.2016
Sabic IP: Polymershapes-Geschäft wird abgegebenGerman version of this article...

© 2001-2018 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2018 by Plasteurope.com, Bad Homburg
Date of print: 15.12.2018 08:50:58   (Ref: 594654648)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp