![]() Uniroyal Chemical, based in Middlebury, Conn. The deal has been approved by the boards of both companies and is expected to close in the third quarter.Ĭrompton had a sales of $666 million last year. Mazaika, Uniroyal Chemical’s chairman, president and chief executive, will become vice chairman of Crompton. And the more you grow the more jobs there are,″ Castaldi said. The Registered Agent on file for this company is Secretary Of The State and is located at 30 Trinity Street, Hartford, CT 06106-0470. The companys filing status is listed as Withdrawn and its File Number is 0206425. Crompton had a sales of 666 million last year. UNIROYAL CHEMICAL ACQUISITION CORPORATION is a Connecticut Domestic Profit Corporation filed on September 25, 1987. ![]() Shares of Crompton & Knowles fell 25 cents, to 15.125, on the New York Stock Exchange. The deal has been approved by the boards of both companies and is expected to close in the third quarter. Uniroyal Chemical shares rose 2.75 today, to 14.50, in heavy Nasdaq trading. ``This merger will provide more flexibility to help fuel the growth of our companies. Mazaika, Uniroyal Chemical’s chairman, president and chief executive, will become vice chairman of Crompton. Uniroyal Chemical makes plastics and rubber additives as well as agricultural chemicals.Ĭompany officials would not say how many jobs could be lost in the merger, but said the impact on workers would be minimal. In addition to textile dyes, Crompton makes food and drug ingredients and equipment for plastics makers. Crompton shares fell 37 1/2 cents at $15 on the New York Stock Exchange. Uniroyal’s shares jumped nearly 24 percent on the news, rising $2.75 to $14.50 on the Nasdaq Stock Market. The deal values Uniroyal Chemical at $15 per share. Uniroyal Chemical chief financial officer Al Castaldi said the prospect of reducing debt was a key attraction of the offer. ![]() said Wednesday it was considering upgrading its rating on Uniroyal Chemical’s $900 million worth of debt because of the buyout proposal. in a stock swap valued at $1.4 billion.Ĭrompton said it hopes the purchase will allow it to expand its standing in the specialty chemicals business.Ĭrompton, based in Stamford, also said it would cut its dividend from 54 cents per year to a nickel and direct the money to reduce the combined companies’ high debt. (AP) _ Crompton & Knowles Corp., North America’s biggest maker of textile dyes, said Wednesday it would broaden its product base by purchasing Uniroyal Chemical Corp.
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