Green Touch Builders | Polypore to be sold for $3.2 billion in two-step deal
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February 23, 2015 By SEO Admin

Polypore to be sold for $3.2 billion in two-step deal

Polypore International (NYSE:PPO) has agreed to be sold in a two-part, all-cash deal valued at $3.2 billion.

The deal involves the sale of Polypore’s two divisions to two separate companies. But the $1 billion in proceeds from the sale of its medical and chemical filtration business will go to the Japanese company that is paying the $3.2 billion price.

The Charlotte-based company’s battery separator business — including its Celgard subsidiary, which has major manufacturing operations in Charlotte…