Manufacturing Industry
Heywood Williams sells plastic profiles unit.(Heywood Williams Group PLC, HW Plastics sold to Latium Plastics Holdings Ltd.)
Plastics News, August, 2005 by Higgs, Richard
Byline: Richard Higgs Heywood Williams plc is selling HW Plastics, its United Kingdom plastic systems division, to Latium Plastics Holdings Ltd., a private British PVC profile extruder, window fabricator and installer. The deal, worth around [pounds sterling]20 million ($36 million), calls for Wilmslow, England-based Latium to pay [pounds sterling]3 million ($5.4 million) in cash and [pounds sterling]17 million ($30 million) to cover claims linked to Heywood Williams' past supply of discolored profile products.
In 2003, Heywood Williams successfully sued Tioxide Europe for compensation over the discoloration, or "pinking,'' of PVC profiles that Heywood Williams sold in the 1990s. Tioxide had supplied pigment for the profiles. "We are selling HW Plastics...
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