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Blackstone-owned PGI Specialty Materials files for IPO

2015-02-10 17:00:17| Paper - Topix.net

Blackstone Group LP 's PGI Specialty Materials Inc , which makes materials that are used in products ranging from diapers to disinfectant wipes, filed with U.S. regulators for an initial public offering of common stock. Blackstone, which owns nearly 98 percent of PGI, bought the company for $326.2 million in cash from private equity firm MatlinPatterson in 2010.

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