DEXTER ANNOUNCES REALIGNMENT OF OPERATIONS
DEXTER ANNOUNCES REALIGNMENT OF OPERATIONS WINDSOR LOCKS, Conn., Nov. 8 /PRNewswire/ -- The Dexter Corporation
(NYSE: DEX), announced today that, further to the restructuring process instituted last year, it will realign its operations consistent with its strategy of focusing on specific global growth markets. This will eliminate the necessity for a corporate group structure. These moves are planned to commence on Jan. 1, 1992 and are intended to result in a more market-oriented organization and reduced corporate expense.
The Dexter Corporation is a Fortune 500 company producing specialty materials in five strategic markets: aerospace, automotive, electronics, food packaging, and medical. Founded in 1767, Dexter is the oldest company listed on the New York Stock Exchange. Consolidated net sales and earnings for 1990 were $908 million and $42.2 million, respectively. -0- 11/8/91 /CONTACT: K. Grahame Walker of Dexter, 203-627-9051/ (DEX) CO: Dexter Corporation ST: Connecticut IN: ARO SU: RCN SM-JT -- NY063 -- 2724 11/08/91 16:40 EST
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|Date:||Nov 8, 1991|
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