False
Crystal Tissue sold to Cleo Inc. (NYSE:CSS) |
Wednesday, May 7, 2003 12:34:32 PM - Middletown Ohio |
|
Cleo Inc. Stock Symbol (CSS) has been a stock market darling during this past year. Recently, the stock is up over 50% from the 52 week low of $24.51 that happened late in January. Today the stock is trading at $36.90 and has a PE of 22.10.
The aquizition of Crystal fits well into the the product mix. CSS principal activities are to design, manufacture, procure and market consumer products to the retailers of seasonal and social expression products. The products of the Group are gift wrap, gift bags, boxed greeting cards, gift tags, tissue paper, paper and vinyl decorations, classroom exchange valentines, decorative ribbons and bows, Halloween masks, costumes, make-ups and novelties.
Since 1894, Crystal has been in the Middletown area. There are no plans for layoffs at the Middletown plant located at 3120 S. Verity Pkwy.
|
|
|