Management takes over composites producer for a symbolic USD 40 / Sustained losses

摘要

On 30 September,ownership of Reichhold(Research Triangle Park,North Carolina / USA;www.reichhold.com),one of the world's leading composites and coatings companies,will pass entirely to the management team headed by CEO John S.Gaither.Seller is Dainippon Ink and Chemicals(DIG;www.die.co.jp),which acquired the world's largest manufacturer of UP resins in 1987.After drawing up a restructuring plan following sustained losses,DIG said it had concluded that an MBO was "the best choice" for the Japanese parent to prevent the outflow of commercial rights resulting from the change of ownership and minimise related losses.