IHS Chemical Week

People & Business :: M&A

Urethane Films Maker Exploring Sale

7:48 AM MDT | March 20, 2012 | Vincent Valk

JPS Industries (Greenville, SC), a maker of urethane films, has retained the investment bank Houlihan Lokey to explore “strategic alternatives,” including a possible sale or other M&A activity. Last year, the company rejected an $8/share offer from Steel Partners Holdings (New York), a diversified holding company. The company “believes engaging Houlihan Lokey to manage a complete process to explore strategic alternatives is the best way to maximize value for all shareholders,” says CEO Michael Fulbright.   JPS reported a net loss...

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