TITLE

Royal Group in negotiations to sell share of Royal Alliance

AUTHOR(S)
DeRosa, Angie
PUB. DATE
August 2005
SOURCE
Plastics News;8/1/2005, Vol. 17 Issue 22, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Building products firm Royal Group Technologies Ltd. of Woodbridge, Ontario, is negotiating to sell its 60 percent stake in Royal Alliance, the injection molder that produces its Gracious Living consumer products. The divestiture is part of Royal's focus on selling non-core assets, said Mark Badger, vice president of corporate communications. The three business units had combined sales of U.S.$109 million last year. The divestitures are part of a four-part management plan to improve financial performance and refinance the company.
ACCESSION #
17995218

 

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