MARTINSBURG, W.Va. - Corning Inc. has finalized the sale of its consumer products company to Borden Inc., company officials announced Wednesday.
Pyrex, Corning Ware, Revere Ware and Visions will still be made by the Corning Consumer Products Co., but that division will be owned by Borden.
Layoffs at the Martinsburg and Greencastle, Pa., plants are not expected to result from the acquisition.
"As a matter of fact, it should be a seamless transition. When you think about it, since the company is now on its own, it needs its capital as much as ever, which would include the existing plant and employees," said Paul A. Rogoski, manager of corporate information at Corning's headquarters in Corning, N.Y.
Corning announced the $603 million transaction agreement in March, three months after a purchase agreement with AEA Investors Inc. fell through.