TITLE

Royal Sheds additional businesses

AUTHOR(S)
Lauzon, Michael
PUB. DATE
January 2006
SOURCE
Plastics News;1/2/2006, Vol. 17 Issue 44, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Royal Group Technologies Ltd. has planned to take a massive write-down as it jettisons more businesses. To trim its portfolio of companies, Royal Group is looking for buyers for its Amut SpA and Ariostea SpA machinery manufacturers in Italy, and Royal Group subsidiaries in Argentina, Colombia, Mexico, the Pacific region, the Netherlands and Brazil. The company also wants to sell a toolmaking facility and distribution company in North America. In a move to improve manufacturing efficiency, Royal said it is negotiating to sell about 540,000 square feet of excess space in the Woodbridge area, where it operates a cluster of plants.
ACCESSION #
19429771

 

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