Rutgers puts Isola on market, new president for U.S. division. (Hot wires: news just off the press).ESSEN, GERMANY -- Rutgers Group, the parent company of Isola AG, is looking to sell the laminate laminate, n a thin slice of porcelain or plastic fabricated in a dental lab, which is cemented to the front of the teeth to cover gaps, whiten stained teeth, or reshape chipped or broken teeth. division by the end of next year. In a March 5 press release posted on its Web site, Rutgers said its majority shareholder, RAG Aktiengesellschaft RAG AG, formerly Ruhrkohle AG, is the largest German coal mining corporation. The company headquarter is in Essen in the Ruhr area. The company was founded on November 27, 1968, consolidating several coal mining corporations into the Ruhrkohle AG. , plans to "dispose of dis·pose v. dis·posed, dis·pos·ing, dis·pos·es v.tr. 1. To place or set in a particular order; arrange. 2. its plastics operations." As a result, Rutgers said, three divisions "are to be sold"--Isola, HT Troplast and Bakelite. The statement said Rutgers plans to sell these "activities" by the end of 2004. Rutgers Chemicals will remain part of RAG. "All measures are subject to agreement by the competent organs in the RAG group, in particular at Rutgers AG," the statement read. Meanwhile, Isola is preparing to name Chris Augur augur: see omen. president of Isola Laminate Systems in April, replacing Augusto Meozzi. Augur is founder of Legacy Capital and former president of Speed-Fam, a manufacturer of semiconductor equipment. He is cofounder co·found tr.v. co·found·ed, co·found·ing, co·founds To establish or found in concert with another or others. co·found of Intelligent Capital Inc., an advisory firm, and the Arizona Angels, an investment group that finances early-stage companies. |
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