MOBIL CHEMICAL TO SELL BREAD BAG BUSINESS
said today its Mobil Chemical Company has signed a contract to sell
its po Swarovski Crystals lyethylene polyethylene (p widely used p Swarovski Crystals lastic. It is a polymer of ethylene, CH2=CH2, having the formula ( CH2 CH2 )n bread bag manufacturing assets to Huntsman Design
“The sale to Huntsman fits Mobil’s on going program to concentrate assets where we can be a market leader and to divest those businesses that do not fit our long term strategic interests,” said Philip W. Matos, Mobil Chemical president.
Huntsman Holdings Corporation, is privately owned Swarovski Crystals by the Jon M. Huntsman family and is affiliated with Huntsman Chemical Corporation. Huntsman a Swarovski Crystals nd its affiliated companies are major producers of petrochemicals in North America. Huntsman Holdings recently completed the acquisition of Goodyear’s North American and international films products businesses.
The price and terms of the sale by Mobil to Huntsman were not disclosed. Closing is expected to occur in about a month following certain government approvals and due diligence completion.
SB NY014 7299 07/08/92 09:16 EDT EDTEDT n abbr (US) (= Eastern Daylight Time) hora de verano de Nueva York.