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Axess has completed the purchase of the Thermal Sciences Division of Polymer Laboratories Ltd., Loughborough, U.K. PL's thermal sciences business includes an extensive line of thermal analysis and rheology instruments. The purchase included the assets of PL's operations in Loughborough, England; Amherst, MA; and shares of the firm's operations in Epsom, England and Waldorf, Germany. Axess plans to sell the acquired thermal analysis business to its 60%-owned affiliate, Rheometrics, for additional shares of Rheometrics' common stock. Until the sale is approved, PL's Thermal Sciences Division will operate under the name Rheometric Scientific Ltd.
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Title Annotation:Acquisitions, Expansions
Publication:Rubber World
Article Type:Brief Article
Date:Apr 1, 1994
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