Chase Corporation Acquires Facile.Business Editors BRIDGEWATER, Mass.--(BUSINESS WIRE)--Feb. 12, 2003 Chase Facile (language) Facile - A concurrent extension of ML from ECRC. http://ecrc.de/facile/facile_home.html. ["Facile: A Symmetric Integration of Concurrent and Functional Programming", A. Giacalone et al, Intl J Parallel Prog 18(2):121-160, Apr 1989]. , Inc., a subsidiary of Chase Corporation (CCF-AMEX) today announced that it has concluded the acquisition of the assets of Facile, Inc., of Paterson, New Jersey “Paterson” redirects here. For other uses, see Paterson (disambiguation). Paterson is a city in Passaic County, New Jersey, United States. As of the United States 2000 Census, the city population was 149,222. , from Facile and its lender Wachovia Bank. Facile was founded in 1946 and is a manufacturer of engineered, flexible laminations for use in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , electric and electronics markets. In addition it produces and markets Insulfab, a lightweight, reinforced barrier used for aircraft insulation. Chase will maintain Facile's existing plant and facility in Paterson, New Jersey. In making the announcement, Peter R. Chase, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Chase Corporation said "Facile's product lines will complement Chase's existing converting business, and provide Chase with a solid niche in the aerospace industry. In addition, we are pleased to be acquiring key members of the Facile team, one of the most knowledgeable and dedicated groups in the converting industry." Chase Corporation is a diversified diversified (di·verˑ·s , advanced manufacturing company providing a wide variety of high quality products and services to multiple industries. Since the founding of the Company in 1946, Chase has grown to become a successful, carefully managed, multi-divisional company with a global customer base. Additional information is also available on the World Wide Web at www.chasecorp.com. |
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