The company also recently announced that it has transferred a portfolio of surplus assets located in the U.S., Mexico and Switzerland to Swiss North American Properties, Inc. (SNAP), a joint venture between International Risk Group, LLC, Littleton, Colo., and Cobra Ventures, LLC, Raleigh, N.C. The portfolio includes former Reichhold properties in Elizabeth, N.J.; Baltimore, Md.; Zurich, Switzerland; Mexico City, Mexico; Tuxedo Park, N.Y.; Columbia, Miss.; Lima, Ohio; Pineville, N.C.; and Tacoma, Wash.
"The disposal of these surplus properties is part of Reichhold's strategic plan to become more competitive in our core business as the world's largest manufacturer of unsaturated polyester resins and a leading supplier of coating resins," said Reichhold's President and CEO John Gaither.
For more information, visitwww.reichhold.com.
