CROMPTON & KNOWLES ANNOUNCES AGREEMENT WITH ICI COLOURS
CROMPTON & KNOWLES ANNOUNCES AGREEMENT WITH ICI COLOURS STAMFORD, Conn., Nov. 20 /PRNewswire/ -- Crompton & Knowles
Corporation (NYSE: CNK) has reached agreement in principle with ICI Colours to purchase an ICI subsidiary company producing dyes at a facility in Oissel, France. As a result of the sale, Crompton & Knowles world acquire the trademarks Neutrichrome, Amichrome and Inochrome and the technology used to manufacture dyes sold under those names. Crompton & Knowles would continue the manufacture of dyes at the Oissel site, and ICI would continue to manufacture pigments there on a portion of the site which it would retain.
ICI Colours is consulting with employees and their representatives and will soon commence consultation with the appropriate French authorities concerning the transaction. The Comite Central D'Enterprise at Oissel has already been consulted. Crompton & Knowles is a leading dyes manufacturer with a significant European presences through a major subsidiary headquartered in Belgium. ICI Colours is a part of ICI Specialties which is one of ICI's seven international business groups. -0- 11/20/91 /CONTACT: Yanis Bibelnieks of Bibelnieks Associates, 212-949-2295, for Crompton & Knowles/ (CNK) CO: Crompton & Knowles Corp. ST: Connecticut IN: CHM SU: TNM SH-SM -- NY017 -- 5310 11/20/91 10:00 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Nov 20, 1991|
|Previous Article:||PRATT & WHITNEY'S GROWTH PW4000 ENGINE EXCEEDS THRUST GOAL|
|Next Article:||HOLLAND AMERICA LINE OFFERS ALASKA TRAVELERS FREE AIR FARE WITH SELECTED HOLIDAY CRUISES TO THE CARIBBEAN|