IHS Chemical Week

People & Business :: Earnings/Finance

Cytec Closes Umeco Acquisition

8:45 AM MDT | July 20, 2012 | Vincent Valk

Cytec has closed its $439 million acquisition of Umeco (Leamington Spa, UK), a composites maker. The deal is expected to be "immediately accretive" to Cytec's earnings, with EPS accretion for 2012 totaling 20 cts/share. Yesterday, Cytec CEO Shane Fleming said he expected the deal to close "imminently." Umeco will be reported a seperate segment within Cytec for the duration of 2012. Thereafter, Umeco and Cytec's engineered materials segment will combine to form two new segments focused on aerospace and industrial materials...

This information is only available to Chemical Week subscribers.

Username:
Password:

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 © 2012 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