Printer Friendly

Phillips considering sale of Phillips Fibers subsidiary.

In a surprise move last month, Phillips Corporation has revealed it is considering the sale of its Phillips Fibers subsidiary, located in Greenville, SC. The company is currently - with the assistance of Morgan Stanley - Exploring its options with regards to the Fibers Division, ostensibly to decide whether to sell or retain the subsidiary. According to a company spokesperson, while there has been no official public announcement, the parent company would sell if it got the right offer. The Fibers Division includes needlepunched geotextile producer Phillips Fibers, the 16th largest roll goods manufacturer in the world.
COPYRIGHT 1993 Rodman Publications, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Phillips Corp.
Publication:Nonwovens Industry
Date:May 1, 1993
Previous Article:Procter & Gamble introducing training pants in Europe, Japan.
Next Article:Venues of communication.

Related Articles
Phillips Fibers.
Uncertain prospects for thermoplastic advanced composites.
Potential sale not affecting activity at Phillips.
Amoco Fabrics and Fibers signs agreement to purchase Phillips Fibers.
Amoco, Phillips finalize sale.
After the sale ... Amoco activity continues; Amoco Fabrics & Fibers continues consolidation of Phillips Fibers business.
CNC router gives cut-to-size shop a new dimension: machining center expands job shop's value-added capabilities.
Styrene Butadiene Block Copolymers. (Buyers' Guide to Thermoplastics).
Raw material cross reference.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters