Markets :: Specialty Chemicals :: Adhesives and sealants
Cytec to Sell Pressure Sensitive Adhesives to Henkel
1:49 PM MDT | May 18, 2012 | —Vincent Valk
Cytec Industries has reached an agreement to sell its pressure sensitive adhesives (PSA) product line to Henkel for $105 million. The deal is expected to close in the third-quarter of this year. Cytec’s PSA product line recorded $94 million in sales during 2011. It has 80 employees. The product line includes emulsion-based and polymer-based PSAs for use in a number of industrial and consumer applications. These include tapes, labels, graphics and transdermal medical applications. The purchase price includes $15 million in working capital. Cytec says the...
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