Reichhold Announces Transfer of Surplus Properties in North America & Europe

04-May-2006

Reichhold announced the transfer of a portfolio of surplus assets located in the United States, Mexico and Switzerland. Swiss North American Properties, Inc. (SNAP), a joint venture between International Risk Group, LLC of Littleton, CO and Cobra Ventures, LLC of Raleigh, NC, acquired the Reichhold portfolio.

This portfolio includes former Reichhold properties in Elizabeth, NJ; Baltimore, MD; Zurich Switzerland; Mexico City, Mexico; Tuxedo Park, NY, Columbia, MS; Lima, OH; Pineville, NC; and Tacoma, WA. Terms of the agreement were not released.

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