GE Plastics Acquires Matra Plast Assets

GE Plastics, an operating unit of General Electric Company announced that it has acquired the polycarbonate extrusion assets of Matra Plast Industries, Inc., a manufacturer of solid, multi-wall and corrugated polycarbonate sheet products located in Long Sault, Ontario, Canada. Terms of the transaction were not disclosed.

The acquisition includes land, plant and equipment, inventory, intellectual property and other assets associated with the 250,000-square-foot plant at Long Sault. Not included in the acquisition are other Matra Plast entities including Hi-Core Corrugated Polypropylene and Polyethylene, Berthierville, Quebec, Canada; KMP Plastics, Fullerton, California; and Numatech Industries, Puslinch, Ontario, Canada.

"The acquisition of these Matra Plast assets complements our ability to manufacture and market polycarbonate sheet products worldwide," says Jeff Rea, GE Plastics Structured Products general manager in the Americas. "This addition expands our product line and improves our ability to serve customers who use corrugated and multi-wall polycarbonate sheet."

For more information, contact Robert A. Hess, GE Plastics, 413-448-7594, E-mail: robert.hess@gepex.ge.com, Web: www.geplastics.com.