Wacker to Buy Out Air Products in VAE Joint Venture

Wacker Chemie has agreed to buy Air Products’ interest in their vinyl acetate ethylene (VAE) polymers joint ventures. As part of the agreement, Air Products says it will receive full ownership in the Elkton, MD and Piedmont, SC plants and their related businesses plus cash considerations of $265 million. The sale is part of Air Products' previously announced plans intended to make the company a more focused, less cyclical and higher growth company. The sale includes the global VAE polymers plants at Calvert City, KY; South Brunswick, NJ; Cologne, Germany; and...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

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