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Business
Wacker Acquires Air Products Lines
December 17, 2007
| A version of this story appeared in
Volume 85, Issue 51
Wacker Chemie and Air Products & Chemicals have finalized a previously announced deal under which Wacker will buy out its partner in two joint ventures that make vinyl acetate ethylene polymers for adhesives, coatings, and other applications. Wacker will pay $265 million for the businesses, which include plants around the world employing about 430 people. Air Products will take over two of the venture's U.S. plants but intends to sell them.
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