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# OAR Box 1413 Prepped by Ollie Stewart



## Document

Number: 

# 114)11-1-7 4 Docket Number: 

# A-94-5 2

Primed 7/10/2008 8:40:32 AM

Sheet 114 of 114

# NEW S A-94-5 2 

# 7 7 P.2 

# .11-7 ^ OWEN S CORNIN G PLAN S T O SEL L SHAR E I N AO C 

# I nternationa l glas s supplie rOwen s Comin g (Toledo . Ohio

) ha s announce d plan s t o sel l It

s 5 0 percen tinteres tl n resi n supplie rAlpha/Owen s Comin g (Collierville . Tenn. ) for a n undisclose d price . Th e companie s teame d u p i n 199 4 i n a Join tventur e combinin g Alpha' s open-mol d resin s wit

h Owen s Coming' s closed-mol d resins . "Ou rorigina l inten twa s t

o dives tour selve s from th e rcsin business, " say s BU I Hamilton , medi a relation s directo rfor Owen s Coming . "W

e fel tth e resi n indus tr y wa s consolidating , an d w e woul d b e i n a bette rpositio n if

w e joine d force s wit h anothe rstron g supplier . Thi s woul d give u s a more complet e produc toffering* a stronge rpresenc e i n th e market plac e an d a n enterpris e o f greate rvalue . Th e secon d ste p wa s t o ge tou to f th e rcsin busines s whil e w e wer e strong. "

The move to sel l it s shar e l n AO C wa s als o prompted b y th e deb tloa d Owen s Cornin g incurre d with th e acquisition s o f tw o large buildin g product s manufac turers , par

to f 1 7 acquisition s t

n th e las t thre e years . Wit

h 22.00 0 employee s l n mor e tha n 3 0 countries . Owen s Comin g boast s $ 4 billio n i n worldwid e sale s o f it s glas s fibe ran d buildin g materials . AO C report s $30 0 millio n l n annua l sale s an d employ s nearl y 50 0 people , wit h five manufacturin g location s t n th e United State s an d Canad a an d a join t ventur e i n Mexico . Polyeste ran d viny l este rresin s manufacture d b y Alpha/Owen s Comin g ar c use d i n auto motive bod y parts , recreationa l boats . Infrastructur

e applications , an d tu b an d showe renclosures . Th e ventur e successfull y combine s th e strength s o f

th e tw o partner s an d ha s realize d significan tsynergie s I n material purchasing , facility manage men tand operatin g expens e reduction." Glen Hiner. Owen s Comin g chair andCEO . 

## MERGER S & ACQUISITION ! Cambridg e Industrie s acquire s Livingsto n Molde d Product s Cambridg e Industrie s (Madison Heights . Mich.) , fabricatoro

f composite automotive and commercia

l truc k parts , ha s acquired Livingsto n Molde d Product

s Inc . (Auburn . Wash.) , manufacture ro f exterio rbod y panel s fo rheav y trucks . Livingston represent s abou t$1 0 millio n i n annua l sales , compare d wit h Cambridge' s $50 0 millio n peryear , an d th e acquisitio n give s Cam bridg e a manufacturin g an d assembl y operatio n locate d nea rheavy truck cus tomer s o n th e Wes tCoas t Th e Livingsto n operatio n expand s Cambridge' s existin g RTM . han d lay-up . SMC. injectio n moldin g an d SRI M capa bilities . "W

e expec tto reap bot

h logistical an d value-adde d benefit s fro m thi s acquisition , especiall y lowe rproductio n an d assembl y costs , an d shippin g advantages. " say s Kevin Alder . Cam bridg e presiden t

Circl e 10 4 o n th e reade rservic e car d Ss* ua at JEC Booth *C14 and D12. Alblnont

Hall cCorp .

Plasti c Sale s Inc . Interplasti c Corp . (St. Paul . Minn.) , on e 1 0 COMPOSITE S TECHNOLOG Y MARCH/APRI L 199 8