Cytec Industries

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Cytec Industries, Inc.
Subsidiary
Industry Chemicals, Materials, Aerospace, Automotive and Coatings
Founded 1907 - American Cyanamid Company, 1993 - Cytec
Headquarters Woodland Park, New Jersey, United States
Area served
Worldwide
Key people
Shane D. Flemming
(President and CEO)
Revenue Increase US$ 1.90 billion (2013)[1]
Number of employees
3,600+ (2012)
Subsidiaries Cytec Engineered Materials
Website http://www.cytec.com

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.[2] 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.[3]

References[edit]

  1. ^ http://www.cytec.com/sites/default/files/files/Cytec-IR-Overview-2013-V3_0.pdf
  2. ^ Belgium's Solvay to buy U.S. peer Cytec for $5.5 billion
  3. ^ Solvay successfully completes the acquisition of Cytec

External links[edit]