GE Plastics Unit For Sale
General Electric Co. is selling its GE Plastics unit. For
months, GE has been complaining about the disappointing
results of GE Plastics, which has been hurt by rising
commodity prices, inflation and competitive pressures.
GE Plastics remains a dominant player in the industry,
with considerable profits and a widely recognized marketing
and management team that is likely to attract a variety
of interested buyers.
GE believes it will find a buyer by the second quarter
and close on a deal by the end of the year. Although interested
buyers also may include competitors, investment
analysts say the successful bid most likely will come from
a private equity firm.
For more information, contact GE Plastics, One
Plastics Avenue, Pittsfield, MA 01201, 413-448-7110,