Covalence Launched as Private Company


PRINCETON, NJ—Covalence Specialty Materials Corp., formerly the Plastics and Adhesives operation of Tyco Intl., has become one of the nation's independent, private companies. The occasion was marked by completion of the purchase of Covalence in a $975 million transaction by Apollo Management. Terry A. Sutter has been named president and CEO while Marvin O. Schlanger has been named chairman.


Subscribe to PFFC's EClips Newsletter