Alleghany.Alleghany New York-based Alleghany completed the purchase of all of Manville's worldwide filtration filtration: see sewerage; water supply. Filtration The separation of solid particles from a fluidsolids suspension of which they are a part by passage of most of the fluid through a septum or membrane that retains most of the solids and industrial minerals businesses, known as Celite Corporation. The total value of the transaction, subject to possible post-closing adjustments, is approximately $140 million. Manville Manville, borough (1990 pop. 10,567), Somerset co., central N.J.; laid out 1906, inc. 1929. Building materials, plastics, clothing, and truck farms contribute to Manville's economy. said it decided to divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. the Celite businesses in order to concentrate on the company's core technologies - fiber glass and paperboard paperboard, material similiar in shape and composition to paper, but generally thicker, stronger, and more rigid. Paper machines, e.g., Fourdrinier machines, are used to make sheets of paperboard. packaging. Alleghany will operate Celite as a separate subsidiary. |
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