Cytec Industries
Template:Short description Template:Multiple issues
Script error: No such module "Infobox".Template:Template otherTemplate:Main otherScript error: No such module "Check for clobbered parameters".Script error: No such module "Check for unknown parameters".
Cytec Industries Incorporated, based in Woodland Park, New Jersey was a speciality chemicals and materials technology company with pro-forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Cytec is a result of its spin-off from American Cyanamid Company. It makes resins, plastics, and composite materials, especially for the aerospace industry and other users of specialty materials. It was listed in NYSE with stock symbol "CYT".
In 2012, Cytec had about 6,600 employees[1] in Europe, North and South America, Asia and Australia.
In December 2013, Cytec Industries entered into a tactical partnership with Mubadala Development Company.[2]
In July 2015, Solvay announced its intent to acquire Cytec for a purchase price of US$5.5 billion.[3] In November 2015, Cytec Industries has obtain a shareholder's stake in Penso Holdings.[4] In December 2015, Solvay successfully completed its acquisition of Cytec. Financing consists of the issuance of around €4.7 billion senior and hybrid bonds and the ongoing €1.5 billion right issue.[5]
References
External links
- Script error: No such module "citation/CS1".
- Script error: No such module "citation/CS1".
- Script error: No such module "citation/CS1".
- Pages with script errors
- Companies formerly listed on the New York Stock Exchange
- Chemical companies of the United States
- Companies based in Passaic County, New Jersey
- Woodland Park, New Jersey
- Companies based in Stamford, Connecticut
- 2015 mergers and acquisitions
- American subsidiaries of foreign companies
- Corporate spin-offs