![]() Uniroyal Chemical, based in Middlebury, Conn. Robert Warren Starns Robert Warren Starns, age 83, a resident of Baton Rouge, La, passed away on February 13, 2022. The deal has been approved by the boards of both companies and is expected to close in the third quarter.Ĭrompton had a sales of $666 million last year. Robert Mazaika Found 4 people in Connecticut, California and 3 other states The complaint also names as individual defendants Uniroyal Chemicals controlling persons: Robert J. Mazaika, Uniroyal Chemical’s chairman, president and chief executive, will become vice chairman of Crompton. LinkedIn is the world’s largest business network, helping professionals like Robert Mazaika discover inside connections to recommended. And the more you grow the more jobs there are,″ Castaldi said. View Robert Mazaika’s professional profile on LinkedIn. Mazaikais a retired Chairman of the Board, CEO and President of Uniroyal Chemical a 1 billion specialty chemical company headquartered in Middlebury CT. ![]() ``This merger will provide more flexibility to help fuel the growth of our companies. Uniroyal Chemical makes plastics and rubber additives as well as agricultural chemicals.Ĭompany officials would not say how many jobs could be lost in the merger, but said the impact on workers would be minimal. In addition to textile dyes, Crompton makes food and drug ingredients and equipment for plastics makers. Crompton shares fell 37 1/2 cents at $15 on the New York Stock Exchange. Uniroyal’s shares jumped nearly 24 percent on the news, rising $2.75 to $14.50 on the Nasdaq Stock Market. The deal values Uniroyal Chemical at $15 per share. ![]() Crompton said it hopes the purchase will allow it to expand its standing in the specialty chemicals business. Uniroyal Chemical chief financial officer Al Castaldi said the prospect of reducing debt was a key attraction of the offer. (AP) Crompton & Knowles Corp., North America’s biggest maker of textile dyes, said Wednesday it would broaden its product base by purchasing Uniroyal Chemical Corp. said Wednesday it was considering upgrading its rating on Uniroyal Chemical’s $900 million worth of debt because of the buyout proposal. in a stock swap valued at $1.4 billion.Ĭrompton said it hopes the purchase will allow it to expand its standing in the specialty chemicals business.Ĭrompton, based in Stamford, also said it would cut its dividend from 54 cents per year to a nickel and direct the money to reduce the combined companies’ high debt. (AP) _ Crompton & Knowles Corp., North America’s biggest maker of textile dyes, said Wednesday it would broaden its product base by purchasing Uniroyal Chemical Corp.
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