Baltek Completes Sale of Shrimp Operations

01 March 2003

Baltek Corporation has completed the previously announced sale of its shrimp businesses Marines C.A. and Recorcholis S.A..

Jacques Kohn, President of Baltek said, ""This sale completes our divestiture of our seafood operations as previously planned. We can now better focus our resources on developing our continuing business which is the sale of core materials.""

Baltek is a manufacturer and distributor of balsa wood products and other structural core materials, including PVC Foam and non-woven mat products.

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