ACX to Spin Off Coors
Joe Coors Jr., 57, will be named president and chief executive officer of CoorsTek after the spin off. The shares would be traded on the Nasdaq Stock Market. After the transaction is complete, ACX Technologies will remain with its sole subsidiary, Graphic Packaging Corporation. Jeff Coors, Joe’s 54-year-old brother, will become chief of ACX and Graphic Packaging Corp.