DuPont Co. announced an agreement to sell its INVISTA textiles business, formerly DuPont Textiles & Interiors, to Koch Industries Inc.'s KED Fiber Ltd. and KED Fiber L.L.C. subsidiaries for $4.4 billion in cash.
DuPont Co. announced plans for a major restructuring program that will include employment reductions and other moves aimed at generating $450 million in cost savings this year and $900 million in savings in 2005.
The Sherwin-Williams Co. has acquired the colorants product lines and related assets of Accurate Dispersions from Eastman Chemical Co. Terms were not disclosed.
Resolution Performance Products L.L.C., reported to be the world's largest producer of epoxy resins, announced a rationalization of certain solid epoxy resin products and a consolidation of its solid epoxy resins product line.
Professional Paint Inc.'s Frazee Industries subsidiary has acquired the non-manufacturing assets of Classic Paint, an Arizona-based company that operates retail stores in Prescott Valley, Prescott, Kingman, and Bullhead City, AZ.
Plasticolors Inc. announced the purchase of the assets of Spartan Color Corp.'s product lines, including the Spartacryl universal color concentrates. The purchase price was not disclosed.
Silberline Manufacturing Co. Inc. said an Oct. 17 flash fire at its Tidewood production facility only affected manufacturing operations for the company's StarBrite vacuum metallized flake products, with no interruption in production of other products.
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