Log in to use our free company, program and sector update tracker feature.
 

Front page

Cytec completes acquisition of Umeco

Cytec Industries Inc. announced today the completion of its acquisition of Umeco Plc, an international provider of advanced composite and process materials.

The $439 million acquisition supports Cytec's growth strategy to expand the Company's presence in the industrial sector and to strengthen its technology leadership in advanced composites. "We are excited about the completion of this transaction and welcome Umeco employees to the global Cytec team," said Shane Fleming, Chairman, President and Chief Executive Officer of Cytec.

"We are confident the acquisition strengthens our position as a leading manufacturer of advanced composite materials and offers significant opportunities for growth and value creation. We are all committed to a successful integration of our businesses."

The acquired business will initially be reported as a separate segment. Cytec expects that commencing January 1, 2013 its Engineered Materials segment and the Umeco segment will be reformed into two new segments, one for aerospace and the second for industrial materials. The closing follows the receipt of all necessary regulatory and other approvals, including the approval of Umeco stockholders.

Press release issued by Solvay (Cytec Industries) on July 20, 2012

 

 Contact details from our directory:
Cytec Solvay (was Umeco) Vacuum Equipment, Composite Manufacturing Supplies, Prepreg
Solvay (Cytec Industries) Composite Manufacturing Services

 

 Related directory sectors:
Production Equipment
Composites

Enhanced listings:


Airmo Inc. Pressure Technologies
Airmo manufactures systems and tools for hydrostatic testing, end forming, tube expansion, and high-pressure accessories to 60,000psi (4,137bar).

Quintus Technologies
Quintus Technologies is a global leading provider of high pressure fluid cell presses and hydroform deep-draw presses for sheet metal forming

Fine Tubes
Manufacturer of precision tubes in high strength titanium, stainless steel and nickel alloys, seamless, welded or welded & redrawn

Oerlikon Balzers Coating AG
Oerlikon Balzers is one of the world’s leading suppliers of surface technologies

Dexmet Corporation
Dexmet MicroGrid® an innovative product line that help improve the composite aircraft withstand the rigors of a lightning strike.

See our advertising tariff.

 

X
Monthly page limit exceeded. Please buy a subscription.

© Copyright of Airframer Limited, operated under licence by Stansted News Limited 2017. Terms & Conditions of reading.