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?
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.
Dupont didn't **** 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?