BTP

Article Abstract:

BTP is a United Kingdom producer of fine chemicals which has seen its stock price fall, despite producing ingredients for Viagra, an anti-impotence tretment from Pfizer which has seen its stock price rise. Specialty chemicals involve a high value-added component and this leads to larger profit margins which are also more stable than those of other drugs. BTP ranks first in the production of personal-care biocides world wide. The company is likely to sell its safety equipment division which could bring in between 80 million pounds sterling and 100 million pounds.

BTP PLC

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Allied Colloids bets the company

Article Abstract:

Allied Colloids is acquiring CPS, the company's supplier of polymer intermediates. Colloids accounts for 14% of CPS' business. CPS reported a gross profit of $35.5 million with sales of $157 million for 1995. CPS lost 9% of usual sales in 1996 due to two clients building plants to supply themselves with polymer intermediates. Colloids' operating margin was 25% in the UK but only 4.4% in the US and this investment is in the US. The company faces increased competition as is shown by pressure on pre-tax margins.

Mergers, acquisitions and divestments, Polymer industry, Allied Colloids Group PLC, CPS Chemical Company Inc.

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Meristem: acquisition-led

Article Abstract:

Meristem was previously called MTM and two former directors face fraud charges. This has affected the company's share price though Meristem is not likely to be liable. The company is involved in three businesses, all of which have growth potential. Colin Stewart Minchem makes products for detergents, Solvitol produces cleaning products and E Wood makes pipe coatings. The company's shares have yet to recover and are recommended to investors in Oct 1996.

MTM PLC

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