Oglebay Norton Announces Intent to Sell Lime and Mica Operations
October 2, 2003
As part of its ongoing business restructuring, the management of Oglebay Norton Co. recently announced its intention to sell the company's lime and mica operations. "Our lime and mica operations are solid businesses with outstanding people, quality products and strong customer bases," said Oglebay Norton President and Chief Executive Officer Michael D. Lundin. "Our decision to sell them is a strategic part of management's plan to permanently reduce long-term debt and improve our balance sheet. Going forward, we intend to focus our energies on a smaller set of core businesses and believe our limestone and limestone fillers operations offer the most significant business development opportunities."
For additional information, visit http://www.oglebaynorton.com .