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GenCorp Acquires PolymerLatex39 S U S Acrylics

GenCorp, Fairlawn, Ohio, announced it has purchased the U.S. acrylic emulsion polymers business of PolymerLatex, Fitchburg, Mass. PolymerLatex is a 50/50 joint venture of Bayer AG and Huls AG, Germany.

According to GenCorp, the Fitchburg facility will be integrated into GenCorp's Performance Chemicals unit. The announcement follows the completion of GenCorp's recent Sequa Chemicals acquisition.

"This acquisition, along with others completed during 1998, exemplifies GenCorp's strategy for our growth platform businesses to strengthen our position in existing markets and expand into new but related markets," said John Yasinsky, GenCorp chairman and CEO.

January 1999