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Polypore International, Inc. (PPO)

  • Thu, Aug. 27, 10:51 AM
    • Following the sale of its Separations Media business, Polypore (NYSE:PPO) has been fully acquired and will operate as a core company under the Asahi Kasei Group (OTCPK:AHKSY).
    • The two will work together to integrate their technology to enable further development and growth of the battery separator business.
    | Thu, Aug. 27, 10:51 AM | Comment!
  • Mon, Feb. 23, 7:04 AM
    • Asahi Kasei (OTCPK:AHKSY) has agreed to buy Polypore's (NYSE:PPO) energy storage segment, as it seeks to expand in the energy and environment business.
    • Asahi Kasei will pay $60.50 per share in cash, a 14% premium to their $52.95 close on Friday, and representing an enterprise value of about $3.2B.
    • Immediately prior to Asahi Kasei’s purchase of Polypore, 3M (NYSE:MMM) will acquire the assets of Polypore’s separations media business for about $1B and Asahi Kasei will receive the cash proceeds from asset sale.
    • PPO +13.2% premarket
    | Mon, Feb. 23, 7:04 AM | Comment!
  • Oct. 29, 2012, 4:12 PM
    Polypore (PPO) says the company has retained Wells Fargo Securities to assist in evaluating alternatives for its Daramic lead-acid battery separator facilities. PPO says it doesn't have a defined timeline for the formal evaluation of the assets.
    | Oct. 29, 2012, 4:12 PM | Comment!
Company Description
Polypore International Inc is a high-technology filtration company that develops, manufactures and markets specialized microporous membranes used in separation and filtration processes.