Printer Friendly

BP PERFORMANCE POLYMERS INC. SELLS ITS VISALIA, CALIF. WIRE & CABLE COMPOUNDING BUSINESS

 BP PERFORMANCE POLYMERS INC. SELLS ITS VISALIA, CALIF.
 WIRE & CABLE COMPOUNDING BUSINESS
 HACKETTSTOWN, N.J., Jan. 28 /PRNewswire/ -- BP Performance Polymers Inc. (BPPPI) has sold its Visalia, Calif. Wire & Cable compounding business to H. Heller & Co., Inc. The sale includes the manufacturing plant and equipment, along with the technology to produce jacketing and black concentrate for the Wire & Cable industry. Terms of the sale were not disclosed.
 "The sale is part of BPPPI's strategy to increase the focus on our core power cable business," said Inge Kovacs, acting president of BPPPI.
 Effective immediately, the entire range of products compounded at the Visalia plant are now available exclusively from Heller Performance Polymers, Inc. using BPPPI's formulations and technology. For the transitional period of BPPPI will provide technical assistance to Heller to ensure a smooth transfer of business with customers and suppliers.
 "We plan to develop the Visalia site to produce color and additive concentrates for a wide range of plastics/rubber and processing applications, in additiion to the current range of Wire & Cable products," said Herbert Heller, president of H. Heller & Co. Inc.
 No significant changes in staffing levels are expected at the plant, a modern 40-acre facility which BP acquired in 1985.
 With offices and distribution facilities throughout the United States and Canada, H. Heller & Co. Inc. is an international supplier of plastic, rubber and chemical raw materials.
 BPPPI is part of BP Chemicals' Worldwide Wire & Cable business, supplying power cable to the industry in North America, Latin America and the Far East.
 -0- 1/28/92
 /CONTACT: Herbert Heller of H. Heller & Co., Inc., 914-682-0010, or Tony Kozlowski of BP Chemicals, 216-586-5577/ CO: BP Peformance Polymers Inc.; H. Heller & Co., Inc. ST: California; New Jersey IN: CHM SU: TNM


LC -- CL017 -- 4232 01/28/92 12:12 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 28, 1992
Words:299
Previous Article:ANALYTICAL SURVEYS ANNOUNCES FIRST QUARTER RESULTS
Next Article:NORFOLK SOUTHERN RAISES QUARTERLY DIVIDEND
Topics:


Related Articles
BP ANNOUNCES SALE OF BP PERFORMANCE POLYMERS INC.
BP PERFORMANCE POLYMERS INC. SOLD TO NESTE CHEMICALS
Furon Completes Sale of Its Dekoron Wire & Cable Business.
Materials.
Dow firm 'committed' to ME.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters