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Advanced Materials Group Completes Sale of Irish Subsidiary

Published on 2003-11-13. Author : SpecialChem

 

Advanced Materials Group, Inc. announced that it has completed the sale of its wholly-owned subsidiary in Ireland, Advanced Materials Ltd., to a group of investors. The total consideration for the sale is approximately $3.2 million. An information statement describing the terms of the transaction was mailed to shareholders on October 19, 2003.

Robert Delk, Advanced Materials Group CEO and President said that the completion of this transaction will enable the company to focus on improving its domestic operations and pursuing new opportunities for growth in the United States.

Advanced Materials Group, Inc. is a leading manufacturer and fabricator of specialty foams, foils, films and pressure-sensitive adhesive components for a broad base of customers in the computer, medical, automotive and aerospace industries.


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