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Degussa strengthens acrylics in North America
German speciality chemicals group Degussa (www.degussa.com), Düsseldorf, plans to acquire the 50% share of methacrylates producer Cyro Industries (www.cyro.com) held by its US joint venture partner Cytec Industries (www.cytec.com) for USD 95m. The jv founded in 1976 by Cytec and Röhm (www.roehm.com), Darmstadt / Germany, now a Degussa subsidiary, has annual sales of USD 317m. Its four US manufacturing facilities employ 680 people and produce MMA monomer and polymer as well as acrylic sheet for the North American market.
10.05.2005 Plasteurope.com [11180]
Published on 10.05.2005