Manufacturing Industry
TAKEOVER GIVES CPI TSE LISTING.
Plastics News, October, 1998 by Lauzon, Michael
TORONTO -- A Canadian extrusion company is the latest plastics firm to get a listing on the Toronto Stock Exchange. CPI Plastics Group Ltd.'s subordinate voting shares began trading Sept. 21 under the symbol CPI and, after gyrating between C$7.50 (US$4.95) and C$5.35 (US$3.53), closed at C$6.75 (US$4.46) on Oct.
1. The company, formerly called Crila Plastics Industries Ltd., changed its name in May. The TSE listing came about a month after CPI opened another extrusion plant, its third in Mississauga near its headquarters, and fourth overall. CPI began full operation of the plant in May and is dedicating it to producing a polystyrene foam-based wood substitute called Extrudawood. CPI spokeswoman Lynn Webster said the new plant includes 15 Davis-Standard...
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