- Jan 22, 2019
- Reaction score
Was the company sold and subsequently shut down a competing company in some way to the purchaser? From a business sense, I get that. And $50mil isn't much in the grand scheme of things for a large company, especially a multi national.I worked at a company that was sold for over fifty million dollars to a competitor . The sale was finalised on a Tuesday, and Thursday they announced they were shutting it down! Yea they paid over fifty million for a plant just to shut it down! So will another powder company buy Goex?
Dupont didn't Cranberries it down with intent of selling the facility, but turning that facility into income makes more sense they letting it decay and become a different kind of liability.
Does anyone even know for certain if Dupont would sell the facility or at least the machinery and recipes?