Facebook Twitter

THIOKOL ACQUIRES PLASTICS BUSINESS

SHARE THIOKOL ACQUIRES PLASTICS BUSINESS

Morton Thiokol Inc., has acquired the thermoplastic polyurethane business segment of a West German unit of Sandoz Ltd., the company says.

The Chicago-based chemical manufacturer, without releasing terms of the agreement, said in a statement that it bought the plastic business segment of Sandoz-Quinn Produkte of Leinfelden, West Germany.It said the newly acquired business, whose 1988 sales totaled $8.5 million, produces granular thermoplastic polyurethane and solution polyurethanes.