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June 29, 2001
By: TOM BRANNA
Editor
The board of directors of National Service Industries (NSI) said today that The Lithonia Lighting Group and the NSI Chemicals Group, the company’s largest business units, will become a new company (SpinCo), which will be formally named at a later date. The move was made to unlock value in the $2.6 billion diversified company by splitting it into two independent public companies, according to NSI.The two remaining business units, National Linen Service (NLS) and Atlantic Envelope Company (A...
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