New Condo at old PC HQ

Ron Muzillo sent me his recent scouting report on the progress of old Polychrome HQ conversion to residential complex.        Appears to be a pretty big building covering both HQ ground and the next door (used to be someone's parking lot) .          Thanks Ron for sending the info and the photo.


I was in Yonkers this AM and stopped by the Polychrome Corp Offices and

the plate mfg facilities-I'm sending your pictures of the condo's that have

been built-you have to love waterfront property:

Ron M

Aug, 2018

And Ron writes further

You have no idea how big this is! I would guess at least 2500 condo's

from the Polychrome site down pass the Yonkers pier:

Ron M

PC Film Division old photo from Joe Broshowitz

Joe Broshowitz unearthed another photo ca. 1992 from gathering of film division.

He writes "Hello Ken-

I hope this email finds you and yours well. Found another old picture, circa 1992 of PC film division people. I’m sure you already recognize many. They include; Jack Weithoff, Bert Waxman, Viktor Tkaczenko (my mentor), Ed Wisniewski, John Raglione, Don Pollack. Al Garcia, Bob Burslem, Bill Meise, Bob Pierce, Doug Benham, CoreyMeitchik, Ed campanella and myself.

Wishing you the best-

Joe Broschowitz

Thank you Joe very much for your contribution.

How DIC came to bid for Polychrome (from Mr. Iwata's book)

In 1978, Mr. Shigekuni Kawamura was made new president of DIC with a mandate from his father-in-law and former president Kattsumi Kawamura to increase sales 13% annually and reach approx 1000 mil yen within 10 years.        He identified overseas expansion as the mean to answer  the challenge.        One product DIC had their eye on was the presensitized printing plate to supplement their ink business.        A several years back they had discussion with Hoechst to build joint venture company for production of presensitized plate in Japan.         The discussion crumbled as Hoechst wanted leadership in overall management of the joint venture company.        Just at this moment they learned that a French company Rhone Poulanc was interested in disposing their 40% holding of Polychrome shares.       DIC initiated conversation with Polychrome and agreed with Mr. Halpern that DIC would be a good partner to acquire this 40% share.           Rhone Poulanc, however,  tried to delay the discussion and then not only changed their initial plan to sell Polychrome shares but started to have a TOB (take over bid) to obtain majority of Polychrome shares.          In the TOB, Rhone Poulanc had advantage of already owning 40% but was unfriendly to the management.    On the other hand for DIC the situation was completely opposite.    TOB ended successfully for DIC at the price of $26 / share.         Mr. Iwata's note says that there was a secret meeting between Rhone Poulanc and DIC management in which only K and S Kawamura were present.         Mr. Iwata speculates the meeting may have been to discuss amicable settlement but he also suggests that this was part of Rhone Poulanc delaying tactics until they have developed their own strategy.