Teamsters Expose Risks to Sun Capital Investors

News provided by

International Brotherhood of Teamsters

Jul 06, 2011, 10:57 ET

Union to Host Investor Call on Operational, Environmental and Financial Concerns at Sun Capital Portfolio Company -- Emerald Performance Materials

WASHINGTON, July 6, 2011 /PRNewswire-USNewswire/ -- On Thursday, July 7, 2011 at 2:00 p.m. Eastern time, the International Brotherhood of Teamsters will host a conference call for investors of private equity firm Sun Capital Partners and the financial press to discuss escalating problems at portfolio company Emerald Performance Materials. Sun Capital acquired Emerald Performance Materials in 2006.

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To register for the call, contact Dan Willett of the Teamsters Capital Strategies Department, at (202) 624-8100 or by e-mail: [email protected].

The call will address the company's failure to address serious workplace safety and health problems; environmental impact concerns; and potential risks to investors related to a controversial loan obtained by Sun Capital from the embattled hedge fund FrontPoint currently embroiled in the U.S. government's insider trading probe.

Many of the management problems at Emerald are exacerbated by a more than three-month lockout of skilled Emerald Performance workers in Henry, Illinois represented by the Teamsters union.

The call will also feature presentations from the Sierra Club, IL; Chicago-area Committee on Occupational Safety and Health; and the Emerald-Unions Council.

"Sun Capital's investors will be shocked to learn how mismanagement and lack of investment into the chemical manufacturer's business is putting their investment at risk," said Keith Gleason, President of Teamsters Local 627 which represents the locked out workers.

SOURCE International Brotherhood of Teamsters