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Solvay buying U.S. chemical firm Cytec for $5.5 billion

2015-07-29 17:14:15| Canadian Plastics Headlines

In a bid to increase its stake in the composites industry, Belgian chemical maker Solvay has announced it will buy U.S.-based composite materials supplier Cytec for US$5.5 billion. In a statement, Solvay CEO Jean-Pierre Clamadieu said that the proposed acquisition… The post Solvay buying U.S. chemical firm Cytec for $5.5 billion appeared first on Canadian Plastics.

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Belgium's Solvay to buy Cytec for $5.5 billion

2015-07-29 08:02:24| Chemicals - Topix.net

Belgium-based chemicals company Solvay SA said Wednesday it is buying its U.S. counterpart Cytec Industries Inc. for $5.5 billion, or $75.25 per share, and will hold a 1.5 billion euro capital increase to finance the sale.

Tags: buy billion solvay cytec