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Chemical Finance Digest, May 22
May 22, 2012 | Vincent Valk
Topping the headlines last week, Cytec’s transformation strategy continues apace. The company has launched a formal sale process for its coatings resins business, which could easily fetch a billion-dollar plus valuation, shortly after selling its pressure sensitive adhesives (PSA) product line to Henkel for $105 million. In other M&A news, DSM has acquired Ocean Nutrition Canada for $528 million. The deal complements DSM’s nutritional lipids products, the company says. Meanwhile, chemical M&A value is on the decline, according to new...
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