Woodbridge Buys-Out Joint Venture Partner in China to Enhance Regional Growth Opportunities

Troy, Michigan--(Newsfile Corp. - September 23, 2019) - Woodbridge, a global systems solution provider of fully-integrated foam products, announces it has entered into a formal agreement to acquire all the shares in its joint venture, Woodbridge GSK High Polymer Technology Co., Ltd. (WGSK), from its partner GSK Corporation. The transaction will enable Woodbridge to enhance its growth opportunities with its customers located in China.Upon regulatory approval, GSK's shares will be transferred...

2019-09-23 8:00 AM EDT