|This article relies too much on references to primary sources. (December 2008) (Learn how and when to remove this template message)|
|Industry||Chemicals, Materials, Aerospace, Automotive and Coatings|
|Founded||1907 - American Cyanamid Company, 1993 - Cytec|
|Headquarters||Woodland Park, New Jersey, United States|
|Shane D. Flemming
(President and CEO)
|Revenue||US$ 1.90 billion (2013)|
Number of employees
|Subsidiaries||Cytec Engineered Materials|
Cytec Industries Incorporated, based in Woodland Park, New Jersey is 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".
Cytec currently[when?] has about 3,600 employees in Europe, North and South America, Asia and Australia.
In July 2015, Solvay announced its intent to acquire Cytec for a purchase price of US$5.5 billion. 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.
- Belgium's Solvay to buy U.S. peer Cytec for $5.5 billion
- Solvay successfully completes the acquisition of Cytec
|This corporation or company article is a stub. You can help Wikipedia by expanding it.|