IHS Chemical Week

People & Business :: Companies

Cytec selling coating resins unit for $1.15 billion (update)

2:57 PM MDT | October 10, 2012 | Vincent Valk

Cytec announced today that it is selling its coating resins business to private equity firm Advent International (New York) for $1.15 billion. The business generated revenue of $1.6 billion in 2011. The deal is expected to close in the first quarter of next year.   The sale is expected to net $1 billion in proceeds to Cytec, says Laurence Alexander, an analyst with Jefferies & Company (New York). It values the coatings resins unit at 6.9x Ebitda, he adds.   "The sale enables us to focus on our industry-leading portfolio of growth platforms...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa