Air Products to sell performance materials business to Evonik for US$3.8 billion. Issue 7 (July 2016)

• Record Type: Journal Article
• Is Part Of: Additives for polymers. Issue 7(2016:Jul.)
• Page Start: 8
• Page End: 9
• Publication Date: 2016-07
• Subjects: Polymers -- Additives -- Periodicals; 620.192
• DOI: 10.1016/S0306-3747(16)30091-4
• Languages: English
• ISSNs: 0306-3747

Abstract

Abstract : US-based industrial gases producer Air Products has signed a definitive agreement to sell the Performance Materials Division (PMD) of its Materials Technologies segment to German speciality chemicals major Evonik Industries AG for US$3.8 billion in cash. Under the terms of the agreement, operational facilities, supplier contracts, labs, customers, employees and certain legal entities associated with PMD would transfer to Evonik. The transaction is expected to close before the end of 2016, and is subject to regulatory approvals and customary closing conditions.