Solvay to acquire Cytec Industries


Solvay, the Brussels, Belgium-headquartered chemicals major with 2014 sales of US$10.2bn is to acquire Cytec Industries in a deal that values the composites producer at US$6.4bn.

Headquartered in New Jersey, USA, with 4,600 employees worldwide, Cytec generated sales of US$2bn in 2014. It sources almost half of its sales from North America, nearly a third from Europe, Middle East and Africa (EMEA), and the remainder from Asia Pacific and Latin America.

For the full story, see the August 2015 edition of MobileTex. Not a subscriber? Sign up HERE