United-Guardian To Sell Eastern Chemical Subsidiary

Hauppauge, NY - United-Guardian, Inc. announced recently that it intends to sell its Eastern Chemical Corporation subsidiary, which distributes a broad line of fine organic chemicals. Eastern has been part of United-Guardian for over 35 years, and currently has sales of approximately $1 M a year. It has earned a reputation for excellent customer service and an ability to supply a broad range of chemicals at competitive prices.

Ken Globus, President of United-Guardian, stated, "For the past few years we have been evaluating the performance of Eastern Chemical, and have now concluded that it would be in the best interests of the company and its shareholders to focus all of our efforts on growing the Guardian Laboratories division, which is where all the growth in the company has been for many years now. We are hopeful that we will be able to find the right company that will be able to build on the excellent reputation that Eastern has earned and continue to service its many loyal customers."

SOURCE: United-Guardian, Inc.