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Automotive Industry
Industry: Email Alert RSS FeedPolyOne to sell stake in Techmer PM, LLC joint venture
Automotive Industries, Jan, 2003
PolyOne Corn., global polymer services company, and TPM Holdings, reached an agreement for Polyane to sell to TPM Holdings its majority interest in the joint venture company Techmer PM, LLC. The agreement concludes an arbitration filed by TPM Holdings. PolyOne will sell its 51 percent position no later than January 31, 2003.
Specific terms were not disclosed. TPM Holdings, which owns the remaining 49 percent of Techmer PM, is headed by John R. Manuck, who will continue as manager and president.
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