Halstead Industries and RBX Holdings.
Halstead For the village in Kent, see . Industries and RBX Holdings have signed a definitive agreement whereby RBX will purchase Halstead, a manufacturer of flexible foam rubber foam rubber
n.
A light firm spongy rubber made by beating air into latex and then curing it. Foam rubber has a wide range of uses including upholstery and insulation.
Noun 1. products and a wholly-owned subsidiary of Halstead Industries. The Halstead business activities will be merged with those of Rubatex, a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
Notes:
In other words, the parent company owns the company outright and there are no minority owners. of RBX and all management and administrative functions will be consolidated at a single site.
COPYRIGHT 1994 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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