Posted in | News | Plastics and Polymers | Business

Plastics and Chemicals Supplier JLM to be Privatised

Nov 3 2003

International chemicals and plastics distributor JLM Industries have agreed to be bought out and privatised.

The purchase offer was made by an investor group lead by the company’s founder John Macdonald and principal shareholder and former director Philip Sassower. The group will buy outstanding shares for $1.40, valuing the company at about $7.37 million.

The investor group currently holds about 46% of company shares.

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