GE Shops Plastics Unit to Private Equity Firms

General Electric (GE) has approached a handful of private equity firms to seek bids on its $6.6-billion/year GE Plastics unit, industry sources say. Bidding for the unit is likely to be in the $10-billion range, analysts say. GE and GE Plastics declined comment. Immelt: Plastics in a difficult spot. Apollo Management (New York), Bain Capital (Boston), Blackstone (New York), and Kohlberg Kravis Roberts (New York) are among the private equity firms invited to bid, sources say. Industry firms are also considering bids, sources say. GE’s bidding terms restrict...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers