Mount Vernon plant part of Saudi purchase of GE Plastics

A plastics-molding plant in the southwestern Indiana town of Mount Vernon has been bought as part of Saudi Basic Industries Corp.’s $11.6 billion acquisition of GE Plastics.

The Saudi Arabian company is committed to the facility and its 1,450 workers, GE Plastics CEO Brian Gladden told the Evansville Courier & Press.

Opened in 1960, the plant is the oldest belonging to New York-based GE Plastics.

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