Crompton boss: Davis-Standard ‘doesn’t fit’

By Bill Bregar Plastics News

Pawcatuck, Connecticut-A week after a press report that Crompton Corp. has placed Davis-Standard Corp. on a list of businesses to be fixed or sold, the chemical company’s top executive, Robert Wood, bluntly told analysts the machinery business “doesn’t fit long-term” with Crompton.

Wood made his comments 23 July, at the very end of a conference call to release Crompton’s second-quarter results. A financial analyst said he had seen that Davis-Standard is on the “fix-it-or-ship-it” list, and asked if it was…

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