Printer Friendly

POLAROID AGREES TO SELL INTEREST IN PBDS UNIT TO BEHRINGWERKE AG, ITS JOINT VENTURE PARTNER

 CAMBRIDGE, Mass., May 7 /PRNewswire/ -- Polaroid Corporation (NYSE: PRD) announced today that it has agreed to sell its 50 percent interest in PB Diagnostic Systems, Inc. to its joint venture partner, Behringwerke AG. Terms of the sale were not disclosed.
 PB Diagnostic Systems, located in Westwood, Mass., was established by Polaroid and Behringwerke in 1985 to develop, manufacture and sell systems for in vitro medical diagnostic testing. PBDS markets immunodiagnostic products under the OPUS(tm) trademark. The sale was prompted by Polaroid's new strategic focus on business opportunities in the imaging domain. Polaroid will continue to sell materials to the company.
 Polaroid Corporation, with sales of more than $2 billion, is the worldwide leader in instant imaging. The company supplies instant photographic cameras and films, videotapes, and electronic imaging products to markets worldwide including amateur and professional photography, industry, science, medicine and education.
 -0- 5/7/93
 /CONTACT: Mary T. Conway, 617-577-3124, or Harry Johnson, 617-577-2665, both of Polaroid/
 (PRD)


CO: Polaroid Corporation ST: Massachusetts IN: REA SU:

DJ -- NE001 -- 5874 05/07/93 10:53 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 7, 1993
Words:177
Previous Article:GAMING CORPORATION OF AMERICA ANNOUNCES WISCONSIN WINNEBAGO TRIBE GRANT OF GAMING LICENSE TO AFFILIATE GOLDEN NICKEL CASINOS, INC.
Next Article:NORTHEAST FEDERAL STOCKHOLDERS APPROVE CONVERSION OF STOCK; COMPANY REVISES ANNUAL MEETING DATE
Topics:


Related Articles
BEHRINGWERKE, HOECHST-ROUSSEL COMMENCE ACTION AGAINST IMMUNEX
FISHER SCIENTIFIC INTERNATIONAL INC. SELECTS PRESIDENT OF NEW SUBSIDIARY
IMMUNEX, HOECHST SETTLE CONTRACT DISPUTE, REVISE GLOBAL COLLABORATION
CPMP RECOMMENDS APPROVAL OF IMMUNEX' GM-CSF IN EUROPEAN COMMUNITY
HOECHST AUSTRALIAN SUBSIDIARY LICENSED FOR PAI-2 DNA BY CISTRON BIOTECHNOLOGY
BIOMIRA ESTABLISHES SECOND LICENSE AGREEMENT WITH BEHRINGWERKE A.G.
ARCADIAN PARTNERS, L.P. AND WILBUR-ELLIS COMPANY ANNOUNCE FERTILIZER DISTRIBUTION JOINT VENTURE IN LATIN AMERICA
Bayer AG, GE Plastics to Form Silicones Joint Venture
EU Provisionally Approves Fujitsu Siemens Joint Venture.
Polaroid Acquired by Hilco Consumer Capital, L.P. and Gordon Brothers Brands, LLC.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters