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New York investment firm of Clayton, Dubilier & Rice to prevent a hostile takeover by financier Carl C. Icahn. At the time, Uniroyal was the fifth-largest tire company in the country. To help pay the nearly $1 billion in debt incurred in the leveraged buyout, the company sold its Uniroyal's Chemical subsidiary to Avery Inc. - a producer of agricultural chemicals, industrial chemical additives and specialized rubber

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