Cytec Industries

Cytec Industries Incorporated, based in Woodland Park, New Jersey was a speciality chemicals and materials technology company with pro-forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Cytec is a result of its spin-off from American Cyanamid Company. It makes resins, plastics, and composite materials, especially for the aerospace industry and other users of specialty materials. It was listed in NYSE with stock symbol "CYT".

Cytec Industries, Inc.
Subsidiary
Traded asNYSE: CYT
IndustryChemicals, Materials, Aerospace, Automotive and Coatings
Founded1907 - American Cyanamid Company, 1993 - Cytec
Headquarters
Woodland Park, New Jersey, United States
Area served
Worldwide
Key people
Shane D. Flemming
(President and CEO)
Revenue US$ 1.90 billion (2013)[1]
Number of employees
3,600+ (2012)
SubsidiariesCytec Engineered Materials
Websitehttp://www.cytec.com

Cytec currently has about 3,600 employees in Europe, North and South America, Asia and Australia.

In July 2015, Solvay announced its intent to acquire Cytec for a purchase price of US$5.5 billion.[2] In December 2015, Solvay successfully completed its acquisition of Cytec. Financing consists of the issuance of around €4.7 billion senior and hybrid bonds and the ongoing €1.5 billion right issue.[3]

References
  1. "Solvay, an advanced materials and specialty chemicals company". Solvay.
  2. "Belgium's Solvay to buy U.S. peer Cytec for $5.5 billion". 29 July 2015 – via www.reuters.com.
  3. "Solvay successfully completes the acquisition of Cytec".


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