WATERFORD, N.Y. (July 17)—GE Silicones has agreed to purchase compounder, American Silicones Inc., for an undisclosed amount. American will become a wholly owned subsidiary of GE Silicones and adds to GE´s Chino, Calif., compounding operation. American´s Garrett and Avilla, Ind., plants span 80,000-sq.-ft., employ more than 70 and posted 1998 sales of about $20 million. The purchase is expected to close in August, according to the companies.
GE Silicones to acquire American Silicones
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